Suppose the U.S. Congress is successful in enacting tariffs large enough to eliminate the current account deficit. What would happen to the level of domestic investment?
A) It would not change.
B) It would fall to a level equal to national saving.
C) It would rise and exceed national saving.
D) It would rise to a level equal to net foreign investment.
B
Economics
You might also like to view...
Suppose the reserve ratio is RR. Then,
A) required reserves = RR × excess reserves. B) required reserves = RR × loans. C) required reserves = RR × deposits. D) required reserves = RR × actual reserves.
Economics
In determining the poverty level, the Census Bureau counts cash transfers, but not in-kind transfers, thereby understating the actual amount of antipoverty transfers made
a. True b. False Indicate whether the statement is true or false
Economics