Hard currencies are usually ________.
A) not fully convertible
B) undesirable assets
C) highly liquid
D) unstable
C) highly liquid
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Social Security tax is deducted from your paycheck. In the figure above this will be shown as
A) taxes flowing from households to governments. B) taxes flowing from firms to governments. C) taxes flowing from households to firms. D) wages flowing from firms to households. E) wages flowing from firms to governments.
In the figure above, a point showing an inefficient production point is point
A) A. B) B. C) C. D) D.
Suppose that Joan, the only consumer of pork, has a downward-sloping demand curve for pork and faces an upward-sloping supply curve. If her demand curve shifts out because she develops a craving for pork, then at the new equilibrium (everything else equal),
a. the price of pork relative to other goods will be higher than before. b. Joan's marginal utility from every unit of pork she eats will be higher than before. c. Joan's real income will be lower than before. d. All of the above are correct.
What amount of money was appropriated by Congress for fiscal stimulus bill of 2009?
a. $225 billion b. $252 billion c. $700 billion d. $787 billion