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Chapter 32: Problem 5
The world's leading debtor nation is \- (LO4) a) Argentina c) Mexico b) Brazil d) the United States
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During the \(1980 \mathrm{~s}\), (LO4) a) both American investment abroad and foreign investment in the United States increased b) both American investment abroad and foreign investment in the United States decreased c) American investment abroad increased and foreign investment in the United States decreased d) American investment abroad decreased and foreign investment in the United States increased
Which one of the following statement is the most accurate? (LO4) a) As a percentage of GDP, the United States has the highest current account surplus of any nation. b) As a percentage of GDP, the United States has the highest current account deficit of any nation. c) As a percentage of GDP, our current account deficit is roughly the same as it was 10 years ago. d) Our current account deficit is rising at an unsustainable pace.
The United States began to consistently run current account deficits since \((\mathrm{LOl}, 4)\) a) 1961 d) 1991 b) 1971 e) 2001 c) 1981
Running mounting current account deficits is analogous to (LO4) a) running up debt on a credit card b) taking money out of one pocket and putting it in another c) owing money to ourselves d) borrowing money that never has to be repaid
The international gold standard worked well until (LO3) a) World War I c) 1968 b) 1940 d) 1975
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