From Table 2.3, at the price of $1, there is a 
A. shortage of 5.
B. shortage of 4.
C. surplus of 4.
D. neither a shortage nor a surplus.
Answer: B
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The U.S. debt to GDP ratio in 2014 was
A) less than 20 percent. B) 42.4 percent. C) 74.1 percent. D) greater than 85 percent.
"If country A has a higher level of real GDP per person than country B, then people in Country A must enjoy a higher standard of living than people in Country B." Is this statement true or false and explain your answer
What will be an ideal response?
The United States has the largest percentage of foreigners in its overall population of any nation
Indicate whether the statement is true or false
Individuals cannot buy unemployment insurance for themselves. The most likely reason for this is
A. moral hazard. B. imperfect information. C. a culture of poverty. D. the free-rider problem.