Between 1995 and 1998, soon after NAFTA took effect,
A. total U.S. imports increased, but total U.S. exports increased even more.
B. U.S. imports from Mexico increased, but U.S. exports to Mexico increased even more.
C. total U.S. exports fell, but total U.S. imports fell even more.
D. U.S. imports from Mexico fell, but U.S. exports to Mexico fell even more.
Answer: B
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Government debt "crowds out" private investment because
A) the government and private firms compete in the same market for savings. B) private firms stop borrowing money when the government enters the market. C) the government's increased demand for loans decreases interest rates. D) the government can order the public to buy bonds.
The largest source of income for banks is
a. the interest received from loans b. fees charged to customers for accounts c. money deposited in savings accounts d. fees charged on credit cards