A deficit in a country's current account means that:
a. the country is running a net deficit in its financial account.
b. the country is a net lender to the rest of the world.
c. the country is running a net surplus in its financial account.
d. the country will have a positive value of net exports.
e. the domestic production is in excess of domestic spending.
c
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Explain why industrial policies are controversial
What will be an ideal response?
Which of the following is a positive economic statement?
a. Too much government spending is the biggest problem facing the U.S. economy. b. Creating jobs is the most serious problem facing the U.S. economy. c. Raising taxes provides additional revenue that should be used to finance health care. d. If taxes are over 50 percent of national income, job creation falls.