The United States' exports are approximately what percentage of U.S. GDP?
A. 3-4 percent.
B. 20-25 percent.
C. 14-17 percent.
D. 30-34 percent.
C. 14-17 percent.
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The above figure shows the marginal benefits and marginal costs of a college education. The efficient number of students is
A) 0. B) 10 million. C) 15 million. D) 25 million.
What is the primary difference between a sole proprietorship and a partnership?
A) Partnerships have more owners than do proprietorships. B) Partnerships can issue stocks and bonds while proprietorships cannot. C) Proprietorships have unlimited liability while partnerships have limited liability. D) There is no real difference between the two types of firms.
Government transfer payments act as automatic stabilizers because as labor income decreases, transfer payments
a. decrease as well. b. remain constant. c. increase. d. to the government increase.
Which of the following is true in the long run?
What will be an ideal response?