The percentage of the federal budget devoted to Social Security has
A. always been negligibly small.
B. increased dramatically over the last decade.
C. remained steady over the last decade.
D. decreased dramatically over the last decade.
Answer: C
You might also like to view...
According to the above table, at a price of $8 per unit, other things constant
A) consumers will continue to bid prices upward. B) there will be no tendency for the market to approach an equilibrium. C) a surplus of 100 units will exist. D) a shortage of 80 units will exist.
An expansionary U.S. fiscal policy will:
A. increase the value of the dollar in all cases. B. increase the value of the dollar if U.S. interest rates rise enough. C. increase the value of the dollar if U.S. income and the U.S. price level increase enough. D. decrease the value of the dollar if U.S. interest rates fall enough.
Economist Jan Tinbergen developed a formula, called ______, to predict which nations would engage in bilateral trade.
a. the trade deficit equation b. the index of equality c. the Tinbergen ratio d. the gravity equation of trade
A monopoly will look for opportunities to price discriminate because the practice
A. leads to greater profits. B. allows it to charge higher prices. C. leads to selling more units. D. is desired by customers.