What is the largest component of spending in the United States?
A) investment spending B) government spending
C) consumption spending D) net investment spending
C
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Measuring the impact of a quota or tariff on the U.S. economy is an example of ________. Stating that a quota or tariff should be eliminated is an example of ________
A) econometric analysis; protectionism B) positive analysis; normative analysis C) statistical analysis; economic analysis D) trade analysis; an opinion
An expansionary monetary policy, all else equal, will:
A) depreciate the domestic currency. B) appreciate the domestic currency. C) all of the above. D) none of the above.
Describe the advantages that a negative income tax has over other programs designed to aid the poor
As more of a good is produced, its opportunity cost tends to increase because resources are not equally efficient at producing all goods
a. True b. False Indicate whether the statement is true or false