Which of the following is NOT an example of a capital good?
A) a miner's cap
B) a GPS tracking device
C) a stethoscope
D) a U.S. government bond
E) an airport kiosk
D
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A student makes the following statement: "The real problem with pure public goods is that they are nonrival and nonexcludable." Explain whether you agree or disagree with the student's statement
What will be an ideal response?
The two major types of financial systems are the __________-oriented systems
A) federal- and local B) banking- and markets C) securities- and equities D) contributor- and stockholder
Each of the following is a provision of the 1996 welfare reform law except that
A. lifetime welfare benefits would be limited to five years. B. each state receives a lump sum to run its own welfare and work programs. C. any adult found guilty of a felony would be removed from the welfare rolls. D. future legal immigrants are banned from welfare assistance.
Which of the following would require reducing government expenditures and increasing tax rates during a recession?
A. An annually balanced budget policy B. A countercyclical fiscal policy C. A cyclically balanced budget policy D. A policy employing built-in stability