The Obama administration believed that transfer payments to the unemployed would have a larger impact on aggregate demand than tax cuts
a. True
b. False
Indicate whether the statement is true or false
True
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If you hold $25 in cash, have $150 in a checking account, and have $250 in a savings account, how much of M2 do you have?
What will be an ideal response?
Environmental damage
A. can easily be reduced to zero. B. is inevitable where humans exist. C. tends to increase as long as costs outweigh the benefits to the damagers. D. is only a modern-day concern.
Comparative advantage explains why a nation will benefit from trade when:
a. it exports more than it imports. b. its trading partners are experiencing offsetting losses. c. it exports goods for which it is a high-opportunity cost producer, while importing those for which it is a low-opportunity cost producer. d. it exports goods for which it is a low-opportunity cost producer, while importing those for which it is a high-opportunity cost producer.
Positive externalities exist any time the social costs of producing a good or service exceed the private costs
a. True b. False Indicate whether the statement is true or false