After 1970, the share of federal spending allocated to national defense:
A. declined sharply, while the share allocated to income security increased substantially.
B. rose sharply, while the share allocated to income security declined substantially.
C. was relatively constant, while the share allocated to income security declined modestly.
D. declined modestly, while the share allocated to income security was relatively constant.
Answer: A
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The World Bank primarily issues loans in order to
A) promote long-term development and growth in a developing nation. B) ensure long term stability within a banking system. C) be the global lender of the last resort in the case of financial crisis. D) maintain the IMF conditionality rules.
Fundamentally, to reap the benefits of specialization, an economy must
A) be heavily industrial. B) be heavily agricultural. C) have an extensive system of higher education. D) develop ways for individuals to trade goods with one another.
Ownership in a government bureau is transferable
Indicate whether the statement is true or false
Suppose a plaintiff hires a lawyer to represent her in a court case. To which of the following contracts would a highly risk-averse plaintiff agree?
A) The lawyer is paid by the hour. B) The lawyer receives a share of the settlement. C) The lawyer receives a fixed fee. D) The lawyer pays the client a fee for the right to the entire settlement.