The federal spending appropriation for Education and Training in the Fiscal Year 2016 was
A. $114 billion.
B. $13 billion.
C. $3 billion.
D. $183 billion.
Answer: A
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Use the figure below to answer the following question.
The figure above shows three supply curves for wheat. Which of the following would cause the supply of wheat to shift from S1 to S3?
A. a tax on wheat production B. a decrease in the price of wheat C. an increase in the price of wheat D. a subsidy for wheat production
In the above figure, the economy is at point a on the initial demand for loanable funds curve DLF0. What happens if the real interest rate rises?
A) There is a movement to a point such as b on the demand for loanable funds curve DLF0. B) The demand for loanable funds curve shifts rightward to a curve such as DLF2. C) The demand for loanable funds curve shifts leftward to a curve such as DLF1. D) none of the above
When total revenue minus total economic cost is greater than zero, the firm is
a. earning higher than normal profits. b. earning the normal profit rate. c. making economic losses. d. earning economic profit but accounting losses.
Appreciation of the real exchange rate:
A. makes U.S. exports less expensive to foreigners. B. makes U.S. exports more expensive to foreigners. C. benefits all U.S. producers. D. means a basket of U.S. goods would exchange for fewer foreign goods.