The U.S. government budget was
A) continuously in surplus from 1959 to the late 1990s.
B) in surplus for most of the period from 1959-1970, but was in deficit for most of the period from 1970 to the late 1990s.
C) in deficit for most of the period from 1959-1970, but was in surplus for most of the period from 1970 to the late 1990s.
D) continuously in deficit from 1959 to the late 1990s.
B
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Based on the data in the table above, after which worker is hired do diminishing marginal returns begin?
A) the first B) the fifth C) the sixth D) the ninth
International capital mobility refers to
A) the ease with which manufacturing equipment can be transported across countries. B) the ease with cash may be transferred from one country to another without having to be converted into a foreign currency. C) the ease with which investors move funds among international financial markets. D) the ease with which exchange rates may be adjusted to reflect changes in the relative economic strengths of countries.
The Clinton administration has recommended an increase in the tax on yachts to help pay for government programs. Which of the following is true?
A) The burden of this tax will fall entirely on yacht consumers. B) The burden of this tax will fall entirely on yacht manufacturers. C) The sales of yachts will decrease. D) The profit of yacht manufacturers will increase. E) Employment of workers in the yacht industry will increase.
Today, the U.S. unemployment rate among black teenagers is
a. lower than the rate for all teenagers. b. lower than the rate of black adults. c. the highest rate among all U.S. workers. d. the middle rate among all U.S. workers.