Which of the following is a valid concern about federal budget deficits?
a. The welfare of future generations will be directly related to the per-capita size of the national debt that they inherit.
b. Growth of the national debt will eventually lead to the bankruptcy of the government.
c. When the debt comes due, future generations may be unable to pay it off.
d. If the increases in the national debt reduce private expenditures on capital formation, aggregate demand is reduced.
d
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One of the reasons we know that international labor mobility has been higher at other times is because
A) the percent of our population that was foreign born was higher. B) the percent of our population that was foreign born was lower. C) wages were lower. D) labor was important in agriculture. E) the population was younger.
Cannon Mills used to be virtually the only employer in Kannapolis, North Carolina. What is the name for a single hirer of labor, and how do wages and the number of jobs available compare to a competitive labor market?
Queen City Sausage stock is selling at $40 per share, it has retained earnings of $1.00 per share, and dividends of $1.00 per share. What is the price-earnings ratio and what is the dividend yield?
a. 20, 2.5 percent. b. 20, 5 percent. c. 40, 2.5 percent. d. 40, 5 percent.
Refer to the above table. The price of the product being produced by this resource:
a. Decreases as production increases b. Increases as production increases c. Cannot be discerned from the given data d. Is constant at all levels of production