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Which of the Following Is a Reason Why Great Britain

question 95

Multiple Choice

Which of the following is a reason why Great Britain and the United States could finance their deficits by borrowing private money since the early 1970s?


Definitions:

Trade Restrictions

Trade restrictions are governmental policies or regulations that limit international trade, including tariffs, quotas, and non-tariff barriers, with the aim of protecting domestic industries.

World Price

The international market price of a good or service, determined through the global supply and demand forces.

World Demand

The total demand for goods and services from all countries around the globe.

World Supply

The total amount of a particular good or service that is available to consumers globally.

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