
Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559
Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 5
Circle the letter that corresponds to the best answer. Which statement is the most accurate?
A) The American empire, like the Romans, the Spanish, and the British before us, uses its military might to force other nations to provide us with low-cost goods.
B) No one would ever suggest that there is such a thing as an American empire.
C) We have become very dependent on our trading partners, who have been willing to accept U.S. dollars to finance our trade deficits.
D) Although our international trade position has deteriorated in recent years, we can continue on this course indefinitely.
A) The American empire, like the Romans, the Spanish, and the British before us, uses its military might to force other nations to provide us with low-cost goods.
B) No one would ever suggest that there is such a thing as an American empire.
C) We have become very dependent on our trading partners, who have been willing to accept U.S. dollars to finance our trade deficits.
D) Although our international trade position has deteriorated in recent years, we can continue on this course indefinitely.
Explanation
The statement that we have become very d...
Macroeconomics 11th Edition by Stephen Slavin
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