During which of the following periods did the U.S. economy have mostly small trade surpluses?
a. From the 1950s into the 1960s
b. From the 1960s into the 1970s
c. From the 1960s into the 1980s
d. From the 1970s into the 1980s
b. From the 1960s into the 1970s
Economics
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A tax is structured so that people with the same income pay the same percentage of their income in taxes is called a (an):
a. excise tax. b. flat tax. c. progressive tax. d. regressive tax.
Economics
Which of the following guides sensible decisions regarding the management of business risk in a market system?
A. The profit and loss system B. The "invisible hand" C. Taxes and subsidies D. Consumer sovereignty
Economics