From the mid 1980s to the present, the United States
a. had only a small current account deficit.
b. had a large capital account deficit, which in the balance of payments accounts was financed with a surplus in the current account, which in turn financed investment in excess of domestic saving.
c. has had a large current account deficit, which in the balance of payments accounts was financed with a surplus in the capital account, that in turn financed investment in excess of domestic saving.
d. None of the above
Question 2
The middle-class ideal that developed in the early 19th century included which of the following elements?
(a) Women were socially and legally equal to men and were encouraged to choose between working and staying in the home (avoiding wage-labor in the factories).
(b) Men were to be the income earners providing for the family's material needs while women were to play a greater role regarding the family's spiritual needs.
(c) Apprenticeships, rather than public schools, would better serve the need of preparing children for middle-class careers.
(d) Poverty among the lower classes was due not to their moral failure but rather low wages, uncertain employment, and lack of economic opportunity.
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