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The study of factors that contribute to the economic growth of a country is known as
A) savings economics. B) entrepreneurial economics. C) natural resource economics. D) development economics.
The cross-price elasticity of two goods is 2. This tells us the two goods are:
A. substitutes. B. complements. C. unrelated. D. inelastic.
Which of the following correctly describes factors that contributed to the change in the federal budget deficit between 1990 and 1998?
a. Federal taxes were cut by President George H.W. Bush and Congress in 1990, which helped in his reelection campaign in 1992 and contributed to a continually rising budget deficit during the 1990s. b. Federal taxes were cut again by President Bill Clinton in 1993, which further contributed to a continually rising budget deficit during the 1990s. c. Accelerated growth in federal outlays triggered the rapid expansion of the federal workforce between 1990 and 1998, which further contributed to a continually rising budget deficit during the 1990s. d. Taxes were raised, spending was cut, productivity rose, consumer spending increased, the stock market was the strongest in history, and the country experienced a short-lived budget surplus. e. Defense and international programs were identified as the only two areas of potential spending cuts.
Using Figure 1.7, you can tell that 
A. there is unemployment. B. the technology does not exist to produce 10 units of soda and 1 unit of pizza. C. there is increasing opportunity cost. D. there is constant opportunity cost.