In 2016, the largest item in the Federal Budget was
A. Medicaid.
B. welfare.
C. international aid.
D. Social Security.
Answer: D
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A financial market in which previously issued securities can be resold is called a ________ market
A) primary B) secondary C) tertiary D) used securities
The graph shown best represents:
A. a non-binding price ceiling.
B. a non-binding price floor.
C. a missing market.
D. a market for an inferior good.
Firms in perfectly competitive markets who wish to maximize profits should:
A. keep producing more as long as marginal cost is less than marginal revenue. B. produce less as long as marginal cost is greater than marginal revenue. C. produce where marginal cost and marginal revenue are equal. D. All of these are true.
The export supply and import demand curves measure the domestic shortage and surplus, respectively, at different world prices
a. True b. False Indicate whether the statement is true or false