Nations trade what they produce in excess of their own ...

[dbose]

Nations trade what they produce in excess of their own consumption to:
 a. generate jobs for the domestic economy.
  b. earn good will from the World Bank.
  c. prevent chronic surpluses from driving down domestic prices.
  d. acquire other things they want to consume.
  e. reduce the size of their foreign trade deficit.

Question 2

An economist might argue that U.S. national defense should be funded through tax revenues because:
 a. U.S. citizens are not very patriotic.
 b. the government is always a more efficient provider of goods than the private market.
 c. the government always seeks to act benevolently on behalf of its citizens.
 d. individuals who refuse to contribute to a national defense fund cannot be excluded from benefiting from national defense.

[nhea]

Answer to Question 1

d

Answer to Question 2

d

[dbose]

Correct answers!

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