Which of the following was NOT true when Katharine McCormick was born in 1875?

Which of the following is TRUE of the U.S. trade balance and the federal government budget?

A) In most years since the 1970s, both have been in deficit. B) In most years since the 1970s, both have been in surplus. C) The federal government budget deficit was more variable before the 1970s, but the trade deficit has been more variable since. D) Both exhibited greater variability before the 1970s than they have since.

Crowding out refers to

A) increases in consumption, investment, or net exports caused by an increase in government purchases. B) increases in tax revenues associated with increases in tax rates. C) reductions in tax revenues associated with increases in tax rates. D) decreases in consumption, investment, or net exports caused by an increase in government purchases.