A particularly severe or protracted recession is called a(n):
A. peak.
B. expansion.
C. boom.
D. depression.
Answer: D
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The government redistributes income to the poor, primarily through
A. regressive taxes and disability payments. B. transfer payments and progressive taxes. C. government purchases. D. higher wages.
Which of the following is NOT true about this national income equation:
A) For the current account, CA, to improve, we may have to invest less than otherwise would be the case. B) For the current account, CA, to improve, we may have to save more to maintain the same amount of investment that includes foreign saving. C) For the current account, CA, to improve, the government may have to run budget surplus. D) A reduction in the trade deficit with one country will simply show up as an increase in a trade deficit with another country. E) None of the above.
In a representative democracy, some responsibility for government extends to all citizens
a. True b. False Indicate whether the statement is true or false
Why are bonds risky to a corporation?
What will be an ideal response?