In 2001 and 2002,the Bush Administration ________ Personal and Business

question 13

Multiple Choice

In 2001 and 2002,the Bush administration ________ personal and business taxes,which should cause AS to ________.

• A)decreased;increase
• B)increased;increase
• C)decreased;decrease
• D)increased;decrease

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Definitions:

Financialization

The increasing importance and dominance of financial markets, financial motives, financial institutions, and financial elites in the economy.

Global Strategy

A comprehensive plan developed by businesses or organizations to operate and compete on an international scale.

Coordination

The organization of different elements or activities in a systematic way to ensure efficient operation and achieve desired outcomes.

Comparative Advantage

An economic theory suggesting that countries or entities gain and benefit from trading if they specialize in producing goods for which they have a lower opportunity cost.