In the expanded circular flow model, households will use their incomes to do all of the following except
a. save
b. pay taxes
c. buy domestic goods and services
d. buy imported goods and services
e. invest
E
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Generally with bond ratings, the ________ the rating, the lower the interest rate an investor will receive and the ________ the risk that the issuer of the bond will default
A) higher; higher B) higher; lower C) lower; lower D) lower; higher
A person quits her job in order to spend time looking for a better paying job. This is an example of
A) frictional unemployment. B) cyclical unemployment. C) seasonal unemployment. D) structural unemployment.
The privately held government debt is that portion of the national debt that
a. must be paid off at some point in the future. b. is owed to domestic and foreign investors. c. cannot be refinanced by issuing new debt. d. is owned by agencies of the federal government.
A field experiment conducted by economists in the Chinese province of Hunan provided evidence that, for poor households in that province, rice is a __________ good
Fill in the blank(s) with correct word