A "Jumbo" CD is one in excess of

A policy aimed at promoting the development of specific industries within a country that may increase domestic welfare through trade with the rest of the world is known as a(n):

A) infant-industry policy. B) key-industry policy. C) strategic trade policy. D) welfare-trade policy.

The persistence of budget deficits during the last several decades is not surprising because politicians will find

a. budget surpluses more attractive than budget deficits. b. tax increases more attractive than increases in government expenditures. c. budget deficits more attractive than budget surpluses. d. reductions in government expenditures more attractive than tax reductions.