From 1990 to 2010, the public sector share of total output
A. Trended downward to 2000 and then upward to 2010.
B. Trended upward through 2010.
C. Trended downward to 2010.
D. Trended upward to 2000 and then downward to 2010.
Answer: A
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If the real interest rate falls, people decide to ________ because the opportunity cost of ________
A) decrease their consumption expenditure; consumption has decreased B) increase their consumption expenditure; consumption has decreased C) increase their consumption expenditure; saving has decreased D) save more; saving has decreased E) None of the above answers is correct.
Using the table above, what is the elasticity of demand between the prices of $6 and $4?
A) 1 B) 3/2 C) 2/3 D) 2 E) 4
The Public Company Oversight Board oversees accounting regulation in the United States
Indicate whether the statement is true or false
Compared to ideal economic efficiency, when the production of a good generates external costs, competitive markets will result in an output that is too:
a. large and a price that is too high. b. large and a price that is too low. c. small and a price that is too high. d. small and a price that is too low.