Following the imposition of the Smoot-Hawley tariff
A) international trade continued to expand.
B) more than 40 countries imposed higher tariffs of their own.
C) employment in the United States expanded rapidly.
D) Two of the above.
B
Economics
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Collusion always involves firms engaging in a
A) vertical merger. B) horizontal merger. C) cooperative game. D) noncooperative game.
Economics
At the end of 2012, the government had a debt of about $11.3 trillion. If during 2013 real GDP rose 2% and inflation was 2.2%, what is the largest deficit the government could have run without raising the debt-to-GDP ratio?
a. about $226.0 billion b. about $248.6 billion c. about $474.6 billion d. about $561.8 billion
Economics