The government uses fiscal and monetary policy to mitigate the effects of economic fluctuations
a. True
b. False
Indicate whether the statement is true or false
True
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A federal surplus is deflationary when all else is held constant
Indicate whether the statement is true or false
When the federal government owns land resources, such as parks, that are funded by tax dollars,
a. park mangers receive full information about visitor desires simply by asking visitors. b. public park managers have the same incentives as private park managers, where visitors pay at least the actual costs of use. c. park managers devote much time and effort to satisfying congressional desires instead of visitor desires. d. park managers will be well-informed of visitor demands regardless of the funding mechanism.
The risk of specializing (in the production of one good or service) is
A) lower in a barter economy than in a money economy. B) lower in a money economy than in a barter economy. C) the same in both a money and barter economy. D) greater the less likely you and the person you want to trade with have a double coincidence of wants. E) b and d
During recessions, income
a. and unemployment both rise. b. rises and unemployment falls. c. falls and unemployment rises. d. and unemployment both fall.