Statement I: Decisions affecting the U.S.economy are being made increasingly in London,Frankfurt,and Tokyo.
Statement II: America is borrowing largely for today's consumption rather than for productive investments.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Correct Answer:
Verified
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A)International trade is part
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