Bonds sales to finance World War II (1941–45)
(a) helped finance the government's current budget deficits.
(b) helped finance, manage and eventually pay down the private debts accumulated during
World War I (1914–18).
(c) were loans the U.S. government made to individuals in its private sector.
(d) led to higher interest rates and decreased private spending and investment.
(a)
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The question of "What goods and services get produced?" most closely relates to which of the following issues?
A) obtaining specialized training to increase one's income B) building a missile defense system, or putting a computer in every elementary school classroom C) taxing high income workers to give payments to poor households D) the distribution of goods and services in the economy E) producing goods and services in the least costly manner
Growth rates in labor productivity
(a) increased in the 1970s. (b) slowed across all employment sectors, with some experiencing more severe drops than others. (c) decreased across all employment sectors at the same rate. (d) were largely stagnate.
If the intended aim of the price floor set in the graph shown was a net increase in the well-being of producers, then positive analysis would have us consider:
A. the policy to be effective if area C is larger than area E.
B. the policy to be effective if area E + B is larger than C +D + F.
C. the policy to be ineffective if area B is larger than area E.
D. the policy to be ineffective if area E + B is larger than A+C+D+ F.
Which of the following are options available to government when dealing with monopolies?
a. b, c, and e b. nationalization c. marginal cost pricing regulation d. marginal revenue pricing regulation e. breaking up the firm