1.Which one of these items is not a part of the U.S. infrastructure? Select one:
ID: 1120185 • Letter: 1
Question
1.Which one of these items is not a part of the U.S. infrastructure? Select one: a. Highway 95
b. Grand Strand Hospital
c. A Santee Cooper Power Plant
d. Charleston Port
e. Time Warner Internet Cables 2.Which of the following effects is the recent depreciation in the dollar likely to have on the U.S. economy? Select one:
a. It is likely to cause investors to speculate on the dollar
b. It is likely to cause more Europeans to visit the U.S.
c. It is likely to reduce U.S. exports abroad
d. It is likely to create a deflation (a fall in prices)
e. It is likely to increase American investment abroad 3.The U.S. large Current Account Deficit has led to: Select one
a. Large inflows of savings, especially from Asia
b. An appreciation in the dollar
c. Speculations against the dollar by foreigners
d. A high degree of structural unemployment e. A strong growth in the supply of money (M1) in the U.S.
4. Why did the household savings rate in the United States dropped between 1981 and 2005 (briefly becoming negative in 2005)?
Select one:
a. People real income dropped during that period of time making it more difficult for them to save
b. Many people did not have a job during that period of time because unemployment was high, so they could not save
c. The high rate of inflation during that period of time made it difficult for people to save
d. Household savings were largely replaced by government savings through programs like social security
e. The increased availability of credit (borrowing) and low interest rates reduced people's incentive to save
Explanation / Answer
(1) The infrastructure includes transport, communication, electricity, and all the real world components to support business, and among the options, only the hospital is not. Hence,
b. Grand Strand Hospital
(2) Currency deppreciation means domestic currency can buy fewer foreign currency than before, and helps reducing imports and increasing exports. Also, foreigners can now buy more dollar than before. Hence,
b. It is likely to cause more Europeans to visit the U.S.
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