In 2016, national defense accounted for almost _____ of federal outlays
a. 25 percent
b. 15 percent
c. 40 percent
d. 54 percent
e. 60 percent
b
You might also like to view...
Refer to Figure 11-18. A curve that connects points A, D, and E is called
A) a total cost line. B) an expansion path. C) an indifference line. D) an input-output curve.
Explain the Keynesian theory of money demand. What motives did Keynes think determined money demand? What are the two reasons why Keynes thought velocity could NOT be treated as a constant?
What will be an ideal response?
Suppose Sarah owns a small company that makes wedding cakes. The accompanying table shows how Sarah's total cost varies depending on the number of wedding cakes she makes each day.Number of Cakes Per DayTotal Cost Per Day0$1001$1802$2203$3004$4005$5206$660 If the market for wedding cakes is perfectly competitive, and wedding cakes sell for $125 each, then Sarah should produce ________ cakes per day.
A. 0 B. 6 C. 3 D. 5
President Obama signed legislation that pumped $787 million worth of federal spending and tax cuts into the economy.
Answer the following statement true (T) or false (F)