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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 44
Circle the letter that corresponds to the best answer. Statement 1: Our trade deficit with China is larger than our trade deficit with Japan.
Statement 2: Americans pay lower taxes on gasoline than do the citizens of most of the nations in Western Europe.
A) Statement 1 is true, and statement 2 is false.
B) Statement 2 is true, and statement 1 is false.
C) Both statements are true.
D) Both statements are false.
Statement 2: Americans pay lower taxes on gasoline than do the citizens of most of the nations in Western Europe.
A) Statement 1 is true, and statement 2 is false.
B) Statement 2 is true, and statement 1 is false.
C) Both statements are true.
D) Both statements are false.
Explanation
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Trade deficit refers to the situation wh...
Macroeconomics 11th Edition by Stephen Slavin
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