An increase in fiscal deficit spending financed by borrowing will increase the national debt
a. True
b. False
Indicate whether the statement is true or false
True
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According to your text, who among the following have a comparative advantage in providing information that reduce transaction costs?
A) The consumer B) The bureaucrat C) The middleman D) The career politician
The cumulative distribution function for a standard logistic random variable is a decreasing function.
Answer the following statement true (T) or false (F)
If a nation's nominal GDP is $3,257 million and its price level is 110, then its real GDP is
A. $2960.9 million. B. $24.67 million. C. $1960.9 million. D. $2467.42 million.
Refer to the information provided in Figure 20.2 below to answer the question(s) that follow.
Figure 20.2Refer to Figure 20.2. the U.S. has
A. no comparative advantage in producing either cars or trucks. B. an absolute advantage in producing trucks. C. a comparative advantage in producing trucks. D. a comparative advantage in producing cars.