In a country with a trade deficit,
a. there will be high unemployment and lower wages.
b. there will be higher prices.
c. the value of its currency will increase.
d. there will be more choice in consumer goods.
Question 2
When the trade balance is zero,
a. it means that no foreign countries wish to purchase your exports.
b. your country is exporting more than it is importing.
c. the economy is importing exactly as much as it exports.
d. countries that owe you money for your exports still need to pay up.
Generally, the total tax burden in the United States is much lower than that of other industrialize
Why did these young volunteers of the First Virginia Militia join the Confederate army in 1861? “It
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Per capita consumption of power is high in the developed world and highest in the United States