A government budget surplus may enable all of the following except
A. A decrease in the money supply.
B. A decrease in taxes.
C. An increase in income transfers.
D. An increase in expenditures on goods and services.
Answer: A
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The U.S. spent 3 percent of GDP building and maintaining the public infrastructure between 1950 and 1970 . Since 1980, that share has: a. decreased slightly to 2 percent
b. decreased all the way to zero. c. stayed constant at 3 percent. d. increased slightly to 4 percent. e. increased significantly to 8 percent.
A profit-seeking decision maker who decides which business projects to undertake and how they should be undertaken is called
a. a key man. b. an entrepreneur. c. a progressor. d. a stakeholder.
A rightward shift of a supply curve is called a(n)
a. increase in supply. b. decrease in supply. c. decrease in quantity supplied. d. increase in quantity supplied.
The total debt of the United States is $15 billion and the amount of government debt held by private investors is $6 trillion. The difference between these two is debt:
A. held by U.S. financial institutions. B. that has been adjusted for the effects of inflation. C. held by foreigners. D. held by some parts of the government itself.