If the fiscal year begins without a budget and Congress fails to pass a continuing resolution, then:
a. the federal government shuts down.
b. the interest rate paid on the national debt automatically increases.
c. federal agencies operate on the basis of the previous year's budget.
d. the president has the right to raise the debt ceiling.
a
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Suppose the market for autoworkers is initially in equilibrium, but then the automakers purchase capital goods that are a substitute for workers. What happens in the market for autoworkers?
What will be an ideal response?
The world output is higher if the countries follow restrictive trade policies rather than free trade
a. True b. False Indicate whether the statement is true or false
Refer to the diagram. Which one of the following might shift the marginal benefit curve from MB 1 to MB 2?
A. Major new studies strongly linking cancer to pollution.
B. Improved technology for reducing pollution.
C. A change in consumer tastes from manufacturing goods to services.
D. A decrease in the price of recycled goods.
Refer to the information provided in Figure 26.1 below to answer the question(s) that follow.
Figure 26.1Refer to Figure 26.1. Between the output levels of $1,000 billion and $1,500 billion, the relationship between the price level and output is
A. positive. B. constant. C. negative. D. indeterminate.