Since 1962, which of the following federal expenditures, measured as a percentage of GDP, has increased the most?
A) Social Security
B) Medicare and Medicaid
C) net interest
D) defense
B
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If significant economies of scale are present, large firms will be much more efficient producers than small firms.
Answer the following statement true (T) or false (F)
Which of the following statements about the characteristics of debt and equity is FALSE?
A) They can both be long-term financial instruments. B) They can both be short-term financial instruments. C) They both involve a claim on the issuer's income. D) They both enable a corporation to raise funds.
Which of the following would be most likely to cause an increase in the wage rate for a particular job?
a. A decrease in the amount of training needed to perform this job. b. An increase in the danger of this job. c. A decrease in the danger of this job. d. An improvement in the working conditions associated with this job. e. An increase in the number of workers with the skills for this job.
Between 1994 and 2000 the poverty rate ____ and the number of people on welfare ______.
A. declined; declined B. rose; rose C. rose; declined D. declined; rose