The blame for failing to address the budget deficits of the 1980s and early 1990s
a. is clearly the fault of the Republican administrations.
b. is clearly the fault of the Democratic Congresses.
c. is a political question rather than an economic question.
d. is an economic question rather than a political question.
c
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Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many swords will Morocco gain compared to the "without trade" numbers?
A) 0 B) 15 C) 60 D) 75
Why does diversification fail to reduce risk when the returns of the two investments purchased are perfectly positively correlated?
What will be an ideal response?
Scarcity in economics means:
A) not having sufficient resources to produce all the goods and services we want. B) the wants of people are limited. C) there must be poor people in rich countries. D) economists are clearly not doing their jobs.
What was the appeals court ruling and the final settlement in the Microsoft antitrust case?
What will be an ideal response?