The federal government's budget been in deficit every year since 1959
a. True
b. False
B
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Refer to Figure 5-8. Suppose the emissions reduction target is currently established at 8 million tons. What is the area that represents the cost of eliminating an additional 1 million tons?
A) A + B B) A + B + C C) B + C D) A
Food and drug labeling is a low-cost way to inform consumers about the contents of foods and the dangers of drugs
Indicate whether the statement is true or false
An economic model:
A. exactly explains what happens in the real economy. B. discards unnecessary details to clearly demonstrate the central principles of the economic activity. C. approximates all facets of what happens in the real economy. D. does not make clear assumptions about the economic activity.
Which of the following doesn’t characterize the properties of a dollar:
A. changes in value over time. B. can reflect the cost of living in terms of the goods it can purchase. C. has no worth itself, but represents goods we can buy with it. D. it has a fixed value that doesn’t change over time.