Since 1998, the U.S. federal government has continuously run a budget surplus
Indicate whether the statement is true or false
FALSE
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In the U.S. over the last 50 years:
A. imports have grown and exports have fallen. B. both imports and exports have grown dramatically. C. both imports and exports have fallen dramatically. D. the percent of GDP that represents imports and exports has remained fairly steady.
A proportional tax is a tax for which people with lower incomes
A) pay a lower percentage of their incomes in tax than do people with higher incomes. B) pay the same percentage of their incomes in tax as do people with higher incomes. C) pay the same amount of taxes as people with higher incomes pay. D) pay a higher percentage of their incomes in tax than do people with higher incomes.
According to Hughes and Cain (2011), today's growth in white-collar jobs is fueled by investments in education and does not depend on apprentice-style training or land holdings
Indicate whether the statement is true or false
Suppose that in a country people gain more confidence in the banking system and so hold relatively less currency and more deposits, then bank reserves will
a. decrease and the money supply will eventually decrease. b. decrease and the money supply will eventually increase. c. increase and the money supply will eventually decrease. d. increase and the money supply will eventually increase.