In which year did the United States account for half the world's manufacturing output?
A. 1925
B. 1945
C. 1965
D. 1985
B. 1945
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Which of the following allows us to determine the value of average consumption spending?
a. leading economic indicators
b. representative household analysis
c. indexing
d. ratio analysis
The Temporary Assistance for Needy Families (TANF) program _____.
(A) Provides benefits to a family for ten years. (B) Can only provide jobs for individuals in an enterprise zone. (C) Only provides cash assistance to poor families. (D) Provides work in exchange for temporary assistance.
Answer the following questions true (T) or false (F)
1. A consumer maximizes her total utility from a bundle of goods when her marginal utility from each good is equal. 2. The economic model of consumer behavior explains how consumers' tastes and preferences are formed. 3. To maximize utility consumers should buy goods and services to the point where the marginal utility of each item consumed is maximized.
The severity of the crowding-out effect will be reduced if
A) the Fed increases the money supply at the same time the federal government increases government spending. . B) the Fed decreases the money supply at the same time the federal government increases government spending. C) the Fed does not change the money supply when the government increases government spending. D) business firms become pessimistic about the future.