Spending on programs that Congress authorizes ________ is known as discretionary spending.

A. by prior law
B. on an annual basis
C. on an off-budget emergency basis
D. after approval from the Federal Reserve


Answer: B

Economics

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In the production function Y = AF(K, N), A is ________, K is ________, and N is ________

A) total factor productivity; the capital stock; the number of workers employed B) total factor productivity; investment; the number of workers employed C) the productivity of labor; the capital stock; the size of the labor force D) the productivity of labor; investment; the size of the labor force

Economics

GDP can be measured by the

A) total value of all sales in the economy. B) total market value of final goods and services produced in the economy. C) total value of all intermediate goods produced in the economy. D) net national product plus investment.

Economics

What are the prerequisites of a good forecast?

What will be an ideal response?

Economics

Which of the following is best characterized as a public good?

A) a public library B) a church C) primary education D) police protection

Economics