One source of the supply of dollars in the world is
A. the purchase of U.S. exports by foreign residents.
B. U.S. imports of foreign merchandise.
C. the sale of U.S. domestic assets to foreigner residents.
D. U.S. sales of gold to foreigner residents.
Answer: B
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President Obama wanted to increase the federal minimum wage.
Answer the following statement true (T) or false (F)
Social costs of a good are equal to
A) external costs minus private costs. B) private costs minus external costs. C) private costs plus external costs. D) external costs divided by the private costs.
The additional production resulting from hiring one more worker is
A. marginal production. B. marginal opportunity cost. C. marginal cost. D. marginal physical product.
Which of the following is a way in which a government could encourage spending on research and development?
a. Increase the tax rate on capital gains b. Enhance patent protection c. Decrease funding to universities d. Increase the tax on corporate profits e. Increase the budget deficit