When the government is running a budget surplus,

a. the demand for loanable funds includes only business investment spending
b. the supply of loanable funds includes only business investment spending
c. the loanable funds market cannot be in equilibrium
d. the supply of loanable funds includes only household saving
e. there will be an excess supply of loanable funds


A

Economics

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Why are harder forms of liquor produced in "dry" counties in the U.S.?

A) Drinkers in dry counties only prefer liquor to beer and wine. B) Producers only prefer to drink liquor. C) Producers find liquor more efficient to produce, given the rules of the game. D) Trick question: No liquor is produced in "dry" counties.

Economics

The Industrial Revolution began in Germany and spread to Europe and North America

a. True b. False

Economics

If Sara Thomas' disposable income increases from $4,000 to $4,500 and her level of saving increases from $200 to $300, it may be concluded that her marginal propensity to:

a. Consume is .75 b. Save is .30 c. Consume is .60 d. Consume is .80

Economics

Which of the following categories accounted for the largest percentage of total federal government expenditures in recent years?

A. income security B. national defense C. education and health D. interest on the national debt

Economics