Nations that borrow from abroad to support current consumption
A) will always be better off in the future. B) may sacrifice future consumption.
C) will always sacrifice future consumption. D) will always sacrifice current consumption.
C
Economics
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In the 1980s and most of the 1990s, the federal government
A) ran small deficits. B) ran small surpluses. C) ran large deficits. D) was balanced.
Economics
The gains from trade include: i. lower prices from competition. ii. greater output from specialization. iii. greater variety of goods and services available
A) i and iii only B) ii and iii only C) i and ii only D) i, ii, and iii E) ii only
Economics