The Worst Remedy for Curing the U

question 103

Multiple Choice

The worst remedy for curing the U.S.trade deficit is to

• A)increase U.S.personal saving.
• B)reduce the budget deficit.
• C)encourage all nations to lower trade barriers.
• D)limit imports by imposing tariffs, quotas, and other trade restrictions.

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Definitions:

M

In the context of economics, M often refers to money supply, which includes various types of money in circulation like cash and bank deposits.

Q

In economics, often denotes quantity, such as the amount of goods and services produced or consumed.

Behaviorist Economists

Economists who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Economic Behavior

The actions taken by individuals, businesses, and governments in producing, distributing, and consuming goods and services, often studied to predict patterns.