Which of the following is a possible negative result of the large U.S. external debt is:

The U.S. was on a “gold standard” from 1879 to 1933. Which of the following was a

a major disadvantage of being on the gold standard from an economic point of view?

(a) the fixed exchange rate made international trade and investment easier.

(b) the price of gold varied according to how much gold the government bought.

(c) countries on the gold standard could not do expansionary monetary policy

(d) it causes the currencies on the gold standard to appreciate and makes their trade

deficits larger.

18. If Intel was manufacturing chips in the United States that were exported to China to

be made into cell phones for the Chinese market, but now is building a chip

manufacturing plant in China to provide chips to make cell phones in China for the

Chinese market, this action would directly:

(a) increase imports to the United States

(b) decrease imports to the United States

(c) increase U.S. exports

(d) decrease U.S. exports.

19. If the U.S. economy were to grow rapidly, this would:

(a) increase both U.S. imports and economic growth in the Rest of the World.

(b) decrease U.S. imports and increase economic growth in the Rest of the World.

(c) increase U.S. imports and decrease economic growth in the Rest of the World.

(d) decrease both U.S. imports and economic growth in the Rest of the World.

20. If the government had an easy money policy of lowering interest rates, then:

(a) the U.S. dollar would appreciate, causing net exports to decrease.

(b) the U.S. dollar would depreciate, causing net exports to increase.

(c) the U.S. dollar would depreciate, causing net exports to decrease.

(d) the U.S. dollar would appreciate, causing net exports to increase.

21. The United States has become a net debtor nation where the rest of the world owns

more assets in the United States than the United States owns assets in the rest of the

world. The United States external debt is directly caused by:

(a) years of households borrowing more and more to buy expensive homes.

(b) years of large U.S. Federal government budget deficits.

(c) the low value of the U.S. dollar, which makes it cheap for the Rest of the World

to buy U.S. assets and expensive for Americans to buy assets in the Rest of the World.

(d) years of large U.S. current account deficits

22. Which of the following is a possible negative result of the large U.S. external debt is:

(a) that the U.S. government will default on bonds sold to the Rest of the World.

(b) a soft landing where the U.S. dollar slowly depreciates that causes Aggregate

Demand to go up, leading to an expansion.

(c) a hard landing where rapid depreciation of the U.S. dollar causes Aggregate

Supply to go down, causing stagflation.

(d) that the U.S. will stop buying imports from the Rest of the World.

Homework Market
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Homework Market


Quality Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Homework Market

Qualified Writers

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.


Unlimited Revision

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account.


Timely Delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. We will always strive to deliver on time.


Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text.


Customer Support 24/7

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Homework Market

Place your order

Fill in the order form and provide all details of your assignment.

Homework Market

Proceed with the payment

Choose the payment system that suits you most.

Homework Market

Receive the final file

Once your paper is ready, we will email it to you.

Homework Market Writing Services

No need to work on essay at night. Sleep tight, we will cover your back. We offer all kinds of essay writing services.

HomeworkMarket HomeworkMrket


Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

HomeworkMarket HomeworkMarket


Admission Essays

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

HomeworkMarket HomeworkMarket


Essay Editing

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

HomeworkMarket HomeworkMarket

Research Paper

Research Paper

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied.