Which of the following is true of the United States?
a. It has been and continues to be a net capital exporter.
b. It is today the world's largest debtor nation.
c. It was, until the last decade, a net capital importer.
d. It has historically been a debtor nation.
e. It is the world's largest creditor nation.
B
Economics
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Consider the above figure. This curve suggests that as the government raises the tax rate, a point will eventually be reached at which the revenues that are collected will
A) increase. B) decline. C) approach infinity. D) become negative.
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