The budget deficit
A. fell every year in the 1990s.
B. fell steadily from 1993 through 1997.
C. fell steadily every year since 2001.
D. increased steadily every year from 2001 to the present.
B. fell steadily from 1993 through 1997.
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Under a flexible exchange rate system, if the quantity supplied of dollars is less than the quantity demanded of dollars, there is a:
A) balance of payments deficit and the dollar would depreciate. B) balance of payments surplus and the dollar would depreciate. C) balance of payments deficit and the dollar would appreciate. D) balance of payments surplus and the dollar would appreciate.
The income elasticity of demand is the
A) absolute change in quantity demanded resulting from a one unit increase in income. B) percent change in quantity demanded resulting from the absolute increase in income. C) percent change in quantity demanded resulting from a one percent increase in income. D) percent change in income resulting from a one percent increase in quantity demanded. E) percent change in income resulting from a one percent increase in price.
A reduction in the rate of inflation is called:
a. deflation. b. disinflation. c. hyperinflation. d. cost-push inflation.
Education generates three types of external? benefits: A. Workplace? externalities, civic? externalities, and? free-rider externalities. B. Pollution? externalities, median-voter? externalities, and? free-rider externalities. C. Pollution? externalities, civic? externalities, and crime externalities. D. Workplace? externalities, civic? externalities, and crime externalities.
Education generates three types of external benefits:
A.
Workplace externalities, civic externalities, and free-rider externalities.
B.
Pollution externalities, median-voter externalities, and free-rider externalities.
C.
Pollution externalities, civic externalities, and crime externalities.
D.
Workplace externalities, civic externalities, and crime externalities.