In recent years, net interest on the national debt paid by the federal government as a percentage of GDP is equal to approximately:
A. 1 to 3 percent.
B. 5 to 9 percent.
C. 10 to 14 percent.
D. 15 to 19 percent.
Answer: A
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According to the Application, people in Morocco bring meteorites picked up in the desert to local dealers, who then sell them to the public through Websites
If the Moroccan government decided to intervene in this market by requiring all meteorites be turned over to the government, and then the government decides who is allowed to purchase the meteorites and at what prices, this best describes an example of A) a market system. B) a barter economy. C) comparative advantage. D) central planning.
Darren loves to go to the movies, and he just learned that he can buy a ticket at a discounted price using his student ID. Darren now attends movies even more often. Which of the following factors of demand caused the change in Darren's behavior?
A. Income B. Price C. Preferences D. Number of buyers
According to the utility model of consumer demand, the demand curve is downward-sloping because of the law of:
a. diminishing marginal utility. b. diminishing consumer equilibrium. c. consumer equilibrium. d. diminishing utility maximization.
Long-run unemployment arises from a single problem that has a single solution
a. True b. False Indicate whether the statement is true or false