The most effective way to reduce our current account deficit would be to
A. lower our service trade deficit.
B. lower our merchandise trade deficit.
C. raise our capital account surplus.
D. lower our capital account surplus.
B. lower our merchandise trade deficit.
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Which of the following has NOT slowed productivity in the last 30 years?
A. The effects of 9/11 B. The rising cost of health care C. The influence of special interest groups D. The high cost of computers
Can a perfectly competitive firm make an economic profit in the short run? Can it incur an economic loss?
What will be an ideal response?
Referring to a production possibilities curve and the goods being compared, depict the economic event. Widespread use of the assembly line revolutionizes U.S. industry in the early 20th century (capital vs. consumer goods).
A. A movement from a point inside the curve to a point on the curve B. A movement from a point on the curve to a point inside the curve C. A shift in the entire curve to the right (outward) D. A shift in the entire curve to the left (inward)
Social Security taxes are regressive because
A. they are not applied to income beyond a certain amount. B. they are applied to welfare recipients. C. they apply only to rich people. D. they are applied to retired people only.