What country is our largest trading partner, as measured by exports and imports?
a. Japan. b. The United Kingdom.
c. China. d. Canada.
e. Mexico.
d
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Explain why Social Security and Medicare aren't welfare programs.
What will be an ideal response?
When disposable income is 2,000.
A. savings is zero.
B. consumption is 2,000.
C. consumption equals disposable income.
D. All the choices are true.
Government-imposed quantitative limits on the amount of pollution firms are allowed to produce is an example of
A) the Pigovian method of pollution control. B) a command-and-control approach to pollution reduction. C) a Coasian solution to pollution reduction. D) a tradable emission allowance system of pollution control.
The Federal Reserve System performs the following functions, except:
A. Issuing the paper currency in the economy B. Providing banking services to the general public C. Providing financial services to the Federal government D. Lending money to banks and thrifts