Which of the following is the largest component of federal spending today?
A) income security
B) Social Security
C) Medicare
D) national defense
B
You might also like to view...
If the price of a pizza increases and the demand curve for pizza does not shift, then the consumer surplus from pizza will ________
A) increase B) decrease C) equal the producer surplus if the market produces the efficient quantity of pizza D) remain the same
Once the expenditure schedule has been adjusted for tax levels, the determination of equilibrium GDP
a. is no longer possible. b. becomes much more difficult. c. proceeds exactly as before. d. requires a higher multiplier value.
The Environmental Protection Agency was created in
A. the 1930s. B. the 1990s. C. the 1980s. D. the 1960s.
Increasing cost industries are consistent with ________ in the long run.
A. the law of supply. B. the law of diminishing marginal product. C. the law of demand. D. None of these are correct.