Recall the Application about the U.S. "Locomotive Effect": how U.S. growth affects foreign economies and the demand for foreign products, to answer the following question(s) . From the early 1990s until quite recently, the U.S. economy grew faster than the rest of the world, with its share of the world economy increasing from approximately 26 percent in 1992 to over 32 percent in 2001. Because the U.S. economy is such an important part of the world economy, its growth promoted growth in foreign countries.
-According to this Application, from the early 1990s until quite recently, the U.S. economy grew. This growth in the U.S economy
A) caused the level of U.S. exports to decline.
B) decreased foreign investment in the U.S.
C) increased the U.S. demand for foreign products.
D) decreased imports to the United States.
Correct Answer:
Verified
Q137: An increase in the level of U.S.
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