The Troubled Asset Relief Program (TARP) totaled ____ and the fiscal stimulus package of 2009 totaled ____.
A. $1.4 trillion; $800 billion
B. $1.4 trillion; $700 billion
C. $700 billion; $800 billion
D. $700 billion; $1.4 trillion
Answer: C
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What are transfer payments? Give two examples
What will be an ideal response?
The more society consumes today
A) the more it consumes next year. B) the harder it will be to consume less in the future because people will find it hard to adjust to less. C) the less society can consume in the future. D) the easier it will be to consume less in the future.
The introduction of a union into an industry creates a
a. surplus of labor and so raises unemployment. b. surplus of labor and so reduces unemployment. c. shortage of labor and so raises unemployment. d. shortage of labor and so reduces unemployment.
Andy is offered the following two income scenarios: (1) earn $10,000 the first year, $12,000 the second year, and $15,000 the third year or (2) earn $15,000 the first year, $12,000 the second year, and $10,000 the third year. Which is the rational option?
A. Option 1 B. Option 2 C. Neither even though option 2 is better than option 1. D. Neither; the options are the same.