Assume a Country Is Closed

question 59

Multiple Choice

Assume a country is closed.Given this information,which of the following must occur?

• A)demand for domestic goods will be less than the domestic demand for goods
• B)demand for domestic goods will be greater than the domestic demand for goods
• C)S + T = I + G
• D)a budget surplus exists
• E) S = I

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Definitions:

Exxon Valdez

An oil tanker whose 1989 spill off the coast of Alaska caused one of the worst environmental disasters in U.S. history.

Anita Hill

An American attorney and academic who gained national exposure for her testimony accusing Supreme Court nominee Clarence Thomas of sexual harassment in 1991.

New World Order

A theoretical future period marked by significant global political and economic change, often mentioned in the context of conspiracy theories regarding global governance and power consolidation.

Irrational Exuberance

A term used to describe overly optimistic market behavior that is not supported by fundamentals, often leading to asset bubbles.