By international standards, the household saving rate of the United States:
A. was low through the 1970s and 1980s, but increased throughout the 1990s to become one of the highest.
B. has not ever really been high.
C. was extremely high until the 1980s.
D. has always been very high.
Answer: B
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When the United States imposes a tariff on an imported good, the
A) quantity of the good produced in the United States decreases. B) amount imported increases. C) price of the good in the United States falls. D) outcome becomes more efficient. E) quantity of the good purchased in the United States decreases.
A country that during its entire history has borrowed more from the rest of the world than it has lent to it is a ________, and a country that during its entire history has invested more in the rest of the world than other countries have invested in
it is a ________. A) debtor nation; investor nation B) borrower nation; creditor nation C) debtor nation; creditor nation D) net borrower nation; net lender nation