In the postwar era, the federal budget has typically been ________
A) balanced
B) in surplus
C) in deficit
D) the largest component of Gross Domestic Product
C
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Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. A bundle of goods that Country B could potentially make would be:
A. (400 iPods, 2,000 tablets). B. (300 iPods, 500 tablets). C. (200 iPods, 1,500 tablets). D. (100 iPods, 2,000 tablets).
Which of the following indexes is best suited to measure wage inflation?
a. The Producer Price Index b. The International Price Index c. The Employment Cost Index d. The Personal Consumption Expenditure Index
Since 1960, total federal outlays as a share of GDP was the highest in 2008–2009
a. True b. False Indicate whether the statement is true or false
Control of an essential resource and the economies of being established are _________ that protect monopolies.
Fill in the blank(s) with the appropriate word(s).