Refer to Scenario 13.1. If Sammy gets to set the agenda, he will pit ________ in the first round to assure that ________ wins the first round vote
A) calamari and jalapeno poppers; calamari
B) calamari and potato skins; calamari
C) potato skins and jalapeno poppers; potato skins
D) jalapeno poppers and potato skins; jalapeno poppers
D
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Historic data indicate that there is usually a ________ relationship between trade deficits and federal government budget deficits
A) negative B) zero C) positive D) fluctuating
Suppose the government imposes a price ceiling above the equilibrium price of a given good. Which of the following is the most likely result?
A) Some other rationing device will emerge to allocate the good among buyers. B) Some buyers and sellers will be willing to risk breaking the law in order to exchange the good at a price above the equilibrium price since there would be a shortage of the good at the price ceiling. C) No change will occur in the market. D) Brute force will be used to allocate the good among buyers. E) a, b, and d
Bonnie is a self employed. She makes floral arrangements in a building she rents. She owns the delivery vehicle and has hired a delivery driver. She is an example of
A) entrepreneurial ability. B) labor. C) physical capital. D) human capital.
When the government deliberately alters its level of spending? and/or taxes in order to achieve specific national economic? goals, it is exercising
A) a laissez-faire policy.
B) discretionary fiscal policy.
C) monetary policy.
D) a Ricardian policy.