The largest budget deficit the U.S. federal government has ever had was
A) $3.9 trillion in 1975.
B) $3.0 trillion in 2014.
C) $1.4 trillion in 2009.
D) $600 billion in 1997.
C
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The Buda Agri Corporation is the sole employer in rural Hungary. In the labor market, Buda Agri is a
A) monopolistic competitor. B) perfect competitor. C) monopsony. D) monopoly.
The "Four Freedoms" are an important goal of the
A) Treaty of Rome. B) Single European Act. C) European Monetary System. D) Maastricht Treaty. E) European Free Trade Area.
In an open economy, the quantity demanded of bikes in the domestic market is ________.
A. 80,000 B. 20,000 C. 100,000 D. 50,000
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases. B. increases. C. remains constant. D. decreases.