Over time, continued budget deficits lead to
a. a higher capital stock and higher productivity.
b. a higher capital stock and lower productivity.
c. a lower capital stock and higher productivity.
d. a lower capital stock and lower productivity.
d
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If the dollar depreciates, it can be said that
A. foreign countries no longer respect the United States. B. it falls in value within the United States. C. it takes fewer dollars to buy foreign currencies. D. other currencies appreciate.
If grocery stores were legally required to charge a 10-cent fee for disposable grocery bags, who would bear the largest burden of this fee?
What will be an ideal response?
If the reserve ratio is 5 percent, then $600 of additional reserves can create up to
a. $30 of new money. b. $3,000 of new money. c. $12,000 of new money. d. None of the above is correct.
Assume the apple market is competitive. If citizens want wages and the number of available jobs for apple pickers to increase, the best strategy would be to
A. Boycott apples until wages increased. B. Insist that the government establish a minimum wage for apple pickers. C. Insist that the sellers raise the price of apples. D. Buy more apples.