Expansionary fiscal policy can mitigate recessions, but it also
A. raises the budget deficit.
B. reduces the budget deficit.
C. has no impact on the budget deficit.
D. none of these.
Answer: A
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If a country is importing more than they are exporting, the current account will have a ________ balance and the capital and financial account will have a ________ balance
A) negative; positive B) negative; negative C) positive; negative D) positive; positive
The supply of movie tickets at one theater's box office for this Saturday's 4:30 showing of a new movie is
A) perfectly elastic until all seats are filled. B) unit elastic. C) perfectly inelastic. D) elastic.
Which of the following statements about health care is true?
a. The demand for health care is inversely related to price b. The demand for health care is positively related to price. c. Healthcare is an inferior good. d. Health care and health insurance is only provided by the government in the U.S. e. The supply of health care is inversely related to price.
Unlimited liability is a distinct advantage of the proprietorship
a. True b. False Indicate whether the statement is true or false