Which of the Following Is Most Likely to Increase U

question 52

Multiple Choice

Which of the following is most likely to increase U.S. exports?

• A) The government gives subsidies to U.S. firms that export goods or services.
• B) The government reduces the size of the budget surplus.
• C) The United States unilaterally reduces its restrictions on foreign imports.
• D) Taxes on domestic saving rise.

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Definitions:

Paper Money

Currency in the form of banknotes, which has no intrinsic value but is used as a medium of exchange, authorized and supported by a government.

King Cotton Diplomacy

An attempt during the Civil War by the South to encourage British intervention by banning cotton exports.

Great Britain

A sovereign nation located off the northwestern coast of mainland Europe, comprising England, Scotland, and Wales.

Union Blockade

The naval strategy by the Union during the American Civil War aimed at preventing the Confederacy from trading through its ports, significantly impacting the southern economy.