Between 1995 and 2015, the U.S. trade with China went from a
A. small deficit to a small surplus.
B. small surplus to a small deficit.
C. small surplus to a larger surplus.
D. large deficit to an even larger deficit.
Answer: D
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The Constitution created an environment conducive to economic growth and development because the federal government could constitutionally do all of the following except
(a) Levy uniform taxes (b) Coin money and regulate its value (c) Regulate commerce, thus prohibiting states from erecting barriers to the interstate movement of goods (d) Set "fair" prices on the private sale of goods in the marketplace
An increase in which of the following variables will cause a reduction in the demand for domestic goods?
A) foreign income B) the real exchange rate C) consumer confidence D) domestic income E) all of the above