The biggest single factor affecting family income distribution is the
A) householder's age.
B) householder's marital status.
C) household size.
D) householder's education.
D
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An increase in the equilibrium price of Japanese yen per dollar could be caused by a(n):
a. increase in the general level of prices in Japan. b. increase in the U.S. demand for domestically-built automobiles. c. decrease in the U.S. income relative to the income in Japan. d. increase in the supply of dollars on the foreign market.
The secondary market for bonds is
a. where new issues of bonds are purchased b. of less importance to our economy than is the primary market c. of less importance to our economy than the stock market d. where bonds that were issued in previous periods are purchased e. a key determinant of the money supply
Since 1960, the only period of several years when the full-employment government budget deficit was negative (that is, there was a full-employment surplus) was
A. from 2000 to 2005. B. the early 1970s. C. the late 1990s and early 2000s. D. the mid-1980s.
A tradeoff is illustrated by
A) a point inside the PPF. B) a point outside the PPF. C) a change in the slope of the PPF. D) the negative slope of the PPF.