Prior to 1950, for most of the years in which there were deficits, we were also
A. under Republican Presidents.
B. under Democratic Presidents.
C. in financial panics or depressions.
D. at war.
Answer: D
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Why is gold very expensive, even though it is not essential to life, while water, which is essential to life, is inexpensive?
What will be an ideal response?
Exemptions and deductions included in the tax laws
A. Make the tax structure more progressive. B. Reduce horizontal inequities. C. Are designed to encourage specific economic activities. D. Reduce vertical inequities.
One of the largest challenges with foreign aid today is:
A. severely diminishes some nations' ability to help their own citizens. B. raising enough of it to have any significant impact on the market. C. countries' overreliance on it removing incentives to better themselves. D. finding ways to ensure it is going to the best uses possible.
The price of a new textbook is $60 in one year and $75 two years later, while the price of a used copy of the textbook increased from $25 to $37.50. The relative price of a new textbook
A. increased by 25 percent. B. decreased from 1.4 to 1.25. C. increased from 2.4 to 3. D. decreased from 2.4 to 2.0.