Which of the following is most likely to be a partnership?
a. Uncle Mort's Red Wrigglers
b. the accounting firm of Hope and Williams
c. General Motors
d. the Boston Symphony Orchestra
e. the U.S. Post Office
B
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A government budget surplus
A) decreases a country's ability to finance domestic and foreign investment. B) increases a country's ability to finance domestic and foreign investment. C) increases a country's ability to finance domestic investment and decreases its ability to finance foreign investment. D) decreases a country's ability to finance domestic investment and increases its ability to finance foreign investment.
In a two-period model with default, if the market interest rate is low, then
A) default is more likely B) there is no effect on the nation's default decision. C) default is less likely. D) the income effect is larger than the substitution effect.
A U.S. firm produces sweatshirts in the first quarter of 2010 and adds them to its inventory. In the second quarter of 2010 the firm sells the sweatshirts to consumers. In which quarter(s) does(do) these transactions raise consumption?
a. the first and the second b. the first but not the second c. the second but not the first d. neither the first nor the second
The United States provides a reasonable illustration of
A. a mixed economy. B. a pure market system. C. a government-dominated economy. D. a manufacturing economy. E. a transitioning economy.