Looking forward into the future, the rate of growth of the working age population is expected to
A. remain steady.
B. slow down considerably.
C. increase dramatically.
D. become negative.
Answer: B
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As a portion of GDP, government purchases include:
A.) Food stamps. B.) National defense expenditures. C.) Unemployment benefits. D.) Welfare checks.
An increase in tax rates as a result of a new tax law passed by Congress is an example of? ___________
A. increasing the government deficit B. increasing the government debt C. discretionary fiscal policy D. needs?tested taxing change.
John Maynard Keynes noted that
A. we could print all the money we want and still have scarcity. B. "to secure the greatest amount of pleasure with the least possible outlay should be the aim of all economic effort." C. the general notion that scarcity is due to not having enough money is an illusion. D. we could print all the money we want and still have scarcity AND the general notion that scarcity is due to not having enough money is an illusion.
Since World War II, about ______ out of every ten family farms have disappeared.
A. one B. three C. five D. seven