Which of the following is a welfare program?
A. Food stamps.
B. Medicare.
C. Disaster relief.
D. Social Security.
Answer: A
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One of the advantages of floating exchange rates is that:
a. consumers always know how much imported goods cost. b. businesses always know, in advance, what future exchange rates will be. c. countries are free to pursue their own macroeconomic policies without maintaining exchange rates. d. countries cannot act independently and must thus coordinate their macroeconomic policies. e. the global interest rate tends to decline to the lowest possible level.
When a country that imports shoes imposes a tariff on shoes, buyers of shoes in that country become worse off
a. True b. False Indicate whether the statement is true or false
Which of the following accounts for the largest percentage of all federal expenditures?
A. income security such as Social Security B. national defense C. interest on the public debt D. veterans' services
Which of the following scenarios is an example of an investment in physical capital?
A. A chemical firm employs chemists to develop new chemicals. B. A firm pays for workers to take college classes. C. A firm purchases new equipment for a manufacturing process. D. A firm trains workers to operate new machinery.