Suppose consumers save 5 percent of their incomes. If the government collects 100 dollars in taxes from each taxpayer, private saving will ________ per taxpayer.
A. increase by $105
B. decrease by $95
C. decrease by $5
D. decrease by 95 cents
Answer: C
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How does a government budget surplus or deficit influence the loanable funds market?
What will be an ideal response?
What part of federal government spending has grown the most slowly in recent decades?
a. national defense b. welfare c. interest on the national debt d. social security and medicare e. all other forms of federal government spending
Gold is a perfect medium of exchange and measure of value because of its:
A. divisibility, portability, and homogeneity. B. divisibility and durability. C. durability and relative scarcity. D. durability and homogeneity.
Imperfect competition
A. means there is no competition in the market. B. should always be regulated by the government C. is a major cause of externalities in the market. D. results in less efficient market outcomes.