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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 8
Circle the letter that corresponds to the best answer. Which statement is the most accurate?
A) The American consumer was largely responsible for Japan's economic resurgence since World War II.
B) China, as the world's most populous country, has the world's largest consumer market.
C) Although there are some who call the American consumer a world-class shopper, most Americans save substantial parts of their incomes.
D) Since we import most of our goods, the American economy has only a small impact on the world's other large economies.
A) The American consumer was largely responsible for Japan's economic resurgence since World War II.
B) China, as the world's most populous country, has the world's largest consumer market.
C) Although there are some who call the American consumer a world-class shopper, most Americans save substantial parts of their incomes.
D) Since we import most of our goods, the American economy has only a small impact on the world's other large economies.
Explanation
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Verified
Since, US has the largest consumer marke...
Macroeconomics 11th Edition by Stephen Slavin
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