The following is budget information for a hypothetical economy. All data are in billions of dollars.
Refer to the above table. In which year is there a balanced budget?
A. Year 1
B. Year 2
C. Year 3
D. Year 4
B. Year 2
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If the demand for the yen increases relative to the dollar, which of the following would occur?
A) The dollar will depreciate. B) The demand for the dollar will increase. C) The yen will depreciate. D) The dollar will appreciate.
According to the partisan party model,
a. the primary emphasis of the liberal party is on full employment and income distribution. b. the liberal party stresses price stability as their most important goal. c. employment stability is most important to the conservative party. d. only two parties exist. e. Both a and d.
When economic profits are negative, accounting profits could be:
A. positive. B. negative. C. zero. D. All of these are possible.
From the beginning of 2007, the value of the U.S. dollar
a. dropped sharply against major currencies. b. increased mildly against major currencies. c. remained stable relative to major currencies. d. fluctuated with no major trend against major currencies.