Author Question: Between 1998 and 2001, the federal budget was: a. never in surplus. b. in surplus about as often ... (Read 50 times)

bio_gurl · **on:** Jun 30, 2018

Between 1998 and 2001, the federal budget was:
a. never in surplus.
b. in surplus about as often as it was in deficit.
c. in surplus.
d. never in deficit.

Question 2

The argument that import restrictions save jobs and promote prosperity fails to recognize that:
a. there are no secondary effects of import restrictions.
b. import restrictions will lower prices in the protected industries.
c. import restrictions cannot create jobs in any industries.
d. U.S. imports provide people in other countries with the dollars power required for the purchase of U.S. exports.