Until about 1983, almost all of the U.S. national debt stemmed from
a. financing wars.
b. bank failures.
c. development assistance programs.
d. tax cuts.
a
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As demonstrated by the labor supply schedule, the quantity of labor supplied depends on
A) workers' productivity. B) the value of the dollar. C) the nominal wage. D) the amount of labor that firms want to hire. E) the real wage.
The income elasticity of demand for food
A) does not change when an individual's income changes. B) increases as an individual's income increases. C) decreases as an individual's income increases. D) is negative.
Suppose the demand for pens increases and the supply for pens decreases. What effect will it have on the quantity?
a. It will rise b. It will fall c. uncertain d. None
In 2015, the U.S. trade deficit with the world was approximately
A. $73.6 trillion. B. $736 million. C. $736 billion. D. $7.36 trillion.