Most of the investment decisions in the U.S. economy are made by
a. consumers.
b. businesses.
c. governmental institutions.
d. international financial agencies.
b
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In a market with ________, one side of the market has private information that is relevant for the other side
A) asymmetric information B) perfect competition C) monopolistic competition D) positive externalities
In economics, choices must be made because we live in a world of
A) unemployment. B) greed. C) scarcity. D) unlimited resources.
An increase in regulation will shift the aggregate:
a. demand curve leftward. b. supply curve rightward. c. supply curve leftward. d. demand curve rightward.
If government has no debt initially but then annual revenues are $8 billion for 10 years while annual expenditures are $11 billion for 10 years, then the government has a:
A. deficit of $3 billion per year and a debt of $30 billion. B. deficit of $30 billion and a debt of $3 billion per year. C. surplus of $3 billion per year and a debt of $30 billion. D. surplus of $30 billion and a debt of $3 billion per year.