To increase employment, the most effective type of government budget would be a

a. surplus budget.
b. balanced budget.
c. deficit budget.
d. falling budget.


c. deficit budget.

Economics

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The Ricardian proposition that international trade will benefit any country ("gains from trade") as long as the world terms of trade do not equal its autarkic relative prices is a straightforward and powerful concept

Nevertheless, it is impossible to demonstrate empirically. Why?

Economics

A study found that privately-operated juvenile correction facilities in Florida had __________ costs but experienced __________ rates of recidivism than state-operated juvenile corrections facilities

a. lower, higher b. lower, lower c. higher, equivalent d. higher, lower e. lower, equivalent

Economics

Investment, as defined for calculating GDP, consists of only two components: business spending on plant and equipment and unsold inventories

a. True b. False

Economics

The period of time from 1,000,000 B.C. to 1300 A.D. was a period of

A) moderate economic growth. B) rapid and sustained economic growth. C) no sustained economic growth. D) slow and steady economic growth.

Economics