Debt service payments by the government:
A. do not burden the generations that must make them.
B. are a payment for past expenditures.
C. are used to purchase goods and services.
D. have fallen continuously since World War II.
Answer: B
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Third-party beneficiaries are called:
a. polluters. b. property owners. c. free riders. d. efficient market. e. losers.
The law of diminishing marginal utility states that: a. total utility decreases as consumption of a good increases
b. total utility increases as consumption of a good increases. c. the increase in total utility from consuming an additional unit decreases as consumption increases. d. the increase in total utility from consuming an additional unit increases as consumption increases.
The percentage of a change in income that is spent domestically is:
a. the sum of the MPC and the MPI. b. the sum of the MPC and the MPS. c. the difference between the MPC and the MPI. d. the product of the MPC and the MPI. e. the sum of the MPS and the MPI.
The richest fifth of the population's share of income increased from 43.7 percent in 1980 to what percent in 2010?
a. 49.2 b. 50.2 c. 52.2 d. 54.2