An increase in the public debt would most likely indicate that
A. the budget deficit has decreased.
B. the budget deficit has increased.
C. national saving has increased.
D. the trade deficit has decreased.
Answer: B
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If a nation devotes a larger share of its current production to consumption goods, then
A) it must produce at a point within its PPF. B) its economic growth will slow down. C) some productive factors will become unemployed. D) its PPF will shift inward. E) its PPF will shift outward.
Define what is meant to be risk-neutral
What will be an ideal response?
The inefficiency in a monopolistic competitive firm is accepted because of which of the following?
a. There is nothing that can be done to avoid the deadweight loss. b. The government creates the differentiation. c. Consumers like the variety differentiation produces. d. Consumers do not like the variety differentiation produces.
Which of the following goods is most likely to be associated with monopolistic competition?
a. Gasoline b. Milk c. Cookies d. Wheat