A chart of the ratio of national debt to GDP from 1915 to 2014 would show
A. a continuous decline.
B. sharp increases from 1945 to 1975.
C. significant increases from 1983 to 1994.
D. significant decreases from 2003 to 2010.
Answer: C
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The true cost of any product purchased by the military is its purchase price
a. True b. False
Why are net transfers referred to as “unilateral” net transfers?
a. The transfers have no effect on the current account balance. b. They are one-sided in that no monetary payment is expected in return. c. The transfers go to only one foreign country each year. d. They are one-sided in that money only flows out of the United States.
People who were working in the formal sector and now work in the underground economy but report being unemployed will cause the unemployment rate to ________, and this action tends to ________ the unemployment rate
A) increase; overstate B) increase; understate C) decrease; overstate D) decrease; understate
Interlace, Inc produces and a unique soda. The company cannot price discriminate. The figure above shows Interlace's demand curve, marginal revenue curve, and marginal cost curve. Interlace's profit maximizing level of output is
A) 30,000 bottles. B) 50,000 bottles C) 100,000 bottles D) 0; that is, the firm shuts down.