What does the U.S. Treasury issue to finance the deficit?
A) government bonds B) tax increase notices
C) directives to lower unemployment D) new regulations on spending
A
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An increase in the dollar price of the British pound will ________.
A. cause Britain's terms of trade with the United States to deteriorate B. leave the pound price of dollars unchanged C. decrease the pound price of dollars D. increase the pound price of dollars
A negative externality is a situation where: a. a third party suffers from a market transaction by others
b. a third party benefits from a market transaction by others. c. a market is able to maximize net social welfare. d. there is an increase in the private cost of a market transaction.
Some nations that seek to produce all of their own needs face the problem that
A. they can deplete their natural resources faster as a result. B. some industries are too small to be efficient if restricted to their domestic markets alone. C. the opportunity cost of producing some of their own goods is higher than that of trading with others for them. D. all of the above are true.
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease