In the United States, the debt burden tends to rise during ________ and fall during ________
A) wartime, but only if the war is of short duration; peacetime
B) peacetime; wartime, but only if the war lasts several years.
C) peacetime; wartime
D) wartime; peacetime
D
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The majority of spending in the government purchases category comes from the federal government
Indicate whether the statement is true or false
As a rule, as a consumer acquires more and more of a good, the marginal utility declines.
Answer the following statement true (T) or false (F)
Which of the following markets is likely to be perfectly competitive?
A) The market for patented nuclear medicines B) The market for wheat C) The market for smart phones D) The market for shower gel
Jack refused to contribute money for building a public park when he was contacted individually. However, he readily agreed to donate when he was asked to contribute for a similar cause in front of his neighbors
Such behavior is an example of ________. A) pure altruism B) consumerism C) rationalism D) impure altruism