If the government borrows to purchase goods and services, today's consumption of government goods and services will be paid for by
A. today's taxpayers and tomorrow's taxpayers in even shares.
B. government employees.
C. today's taxpayers.
D. future taxpayers.
Answer: D
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Lower U.S. interest rates cause the value of the dollar to
A) fall, making U.S. goods relatively more expensive on world markets. B) fall, making U.S. goods relatively cheaper on world markets. C) rise, making U.S. goods relatively more expensive on world markets. D) rise, making U.S. goods relatively cheaper on world markets.
The Fed tries to prevent major financial crises through its control of financial markets
a. True b. False Indicate whether the statement is true or false
What is not included in Porter's five forces representation?
A) the threat of new entrants. B) the threat of substitute products. C) the indifference of customers. D) the threat of new entrants.
The statement that "IBM's stock closed at $85" is
a. a normative statement b. a positive statement c. a macroeconomic observation d. financial manipulation e. a sign that the market may be undervalued