The nation's total federal debt represents the total of all accumulated deficits minus surpluses over time.

Answer the following statement true (T) or false (F)


True

Economics

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Explain whether the statement, "There is life on Mars," is a normative or positive statement

What will be an ideal response?

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Would you expect the income elasticity of demand for Cadillacs to be positive or negative? Why is this true?

What will be an ideal response?

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David Myers, former controller for WorldCom, pleaded guilty to falsely reporting costs for WorldCom that were ________ than they actually were, resulting in reported accounting profits for WorldCom that were ________ than their actual level

A) higher; higher B) higher; lower C) lower; lower D) lower; higher

Economics

Which of the following people would be counted as employed?

a. A retired naval officer b. A high school student c. A stay-at-home father d. A teenager who has given up looking for work after a year of trying e. A ski instructor who is working during the summer

Economics