A Survey of USA:
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American Economy
Prof. Niangen Huang
American Economy
1. What is a market economy? What a role does the federal government play in economy? 2. How does the Federal Reserve influence the volume of bank lending? And what is open-market operation? 3. What is bond? Who can issue bonds in the United States? 4. What is inflation? When an inflation comes what will happen? 5. Why does America have such a large deficit? How do you comment on the U. S. Policy of deficit financing?
With perhaps half of 1% of the world agricultural labor force, the United States produces nearly 20% of the grains, including 50% of the corn (maize), grown in the world. It ranks first, second, or third in the production of corn, wheat, soybeans, oranges, meats, milk, apples, oats, cotton, tobacco, peanuts, and edible vegetable oils.