From 1995 to 2001, the debt—GDP ratio in the United States
A) steadily fell.
B) steadily increased.
C) was about constant.
D) fell from 1995 to 1998, then rose sharply.
A
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Leo is a welfare recipient who qualifies for two means-tested cash benefit programs. If he does not earn any income, he receives $225 from each program. For each dollar he earns (which his employer is required to report to the welfare agency), his benefit from each program is reduced by 75 cents until the benefit equals zero. Suppose Leo earns $10. He will lose ________ from each benefit, for a total loss of ________.
A. $7.50; $15.00 B. $7.50; $7.50 C. $.75; $1.50 D. $.75; $1.00
The face value of money or income is called its ________ value
A) external B) real C) marginal D) nominal
What are two ways in which economic growth is generally measured?
What will be an ideal response?
Gunther rents Nintendo games and videos. The marginal utility from his last Nintendo game is 10 and that from his last video is 5. Nintendo games rent for $2 each. Gunther's demand curve for games is shown in the figure above
How many videos a week does Gunther rent? A) 1 B) 2 C) 3 D) 4