Despite the large federal deficits during the last few decades, public capital in the U.S. declined because:
a. a growing share of the federal budget goes toward income redistribution, especially for the elderly.
b. of less labor productivity
c. of increasing farm subsidies.
d. of the growing portion of the national debt owed to foreigners.
e. a growing share of the federal budget goes toward income redistribution, especially for national defense
a
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Your weekly budget for gasoline and movie rentals is $45.00. Referring to the figure above, what is the price per movie rental?
A) $2.00 B) $2.25 C) $2.50 D) $3.00
Profit per unit is the difference between
A) average revenue and average total cost. B) marginal revenue and marginal cost. C) total revenue and total cost. D) average revenue and marginal cost.
The "lemons" problem is that
a. cars of verifiable high quality are withheld from the used car market b. cars of verifiable low quality are withheld from the used car market c. cars of unverifiable high quality are withheld from the used car market d. cars of unverifiable low quality are withheld from the used car market
In Figure 1 below if the economy were at Y2 then we would expect there to be:
A. a reduction in inventories.
B. an increase in inventories.
C. no change in inventories.
D. an increase in consumption spending.