The federal government debt as a percentage of GDP fell

A) from 1980-1992.
B) from 2002-2007.
C) during the Great Depression.
D) during World War I and World War II.
E) from 1998-2001.

E

Economics

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Governments sometimes subsidize domestic industries. When this occurs

A) the governments will not impose tariffs. B) the subsidized sell less in international markets because it is more profitable to sell at home. C) the subsidized industries have an advantage on international markets relative to non-subsidized firms. For this reason, other countries often impose tariffs on the subsidized imports. D) the subsidized industries have an advantage on international markets relative to nonsubsidized firms. However, this is not an argument for imposing tariffs and tariffs would violate international agreements.

Economics

Other things equal, if the government increased the quantity of pollution rights to be sold,

a. pollution would not be affected b. the price of pollution rights would rise, and the amount of pollution would decrease c. the price of pollution rights would fall, and the amount of pollution would decrease d. the price of pollution rights would fall, and the amount of pollution would increase e. the price of pollution rights would rise, and the amount of pollution would increase

Economics