Investments in public infrastructure ________
A) are not subject to diminishing returns
B) are a misallocation of national savings
C) typically decline during periods of rapid economic growth
D) may boost productivity and income
D
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Federal budget deficits are often increased by supply-side policies because of their reliance on
a. income tax cuts. b. income tax increases. c. increased government spending. d. decreased government spending.
When you buy a corporate bond, you are
A) borrowing funds from the corporation. B) lending funds to the corporation. C) selling an ownership right in the corporation. D) acquiring an ownership right in the corporation. E) b and d
Minimum wages are:
A. not very controversial. B. only enforceable at the federal level. C. a form of government interference in the free market. D. always needed to guarantee workers an acceptable standard of living.
Refer to the information provided in Figure 6.5 below to answer the question(s) that follow.
Figure 6.5Refer to Figure 6.5. Molly's budget constraint is EF. If her income decreases and the price of CDs increases, her new budget constraint could be
A. CD. B. BD. C. AD. D. Both B and C are correct.