Government spending that changes automatically without action by Congress is
A. payments to contractors for routing services performed.
B. national defense.
C. a noncontrollable expenditure.
D. discretionary payments.
Answer: C
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Which of the following is recorded in the U.S. balance of payments account?
I. foreign investment in the United States II. U.S. investment abroad III. the U.S. government deficit or surplus A) III only B) I and II C) I and III D) I, II and III
Write an essay that compares and contrasts primary-export-led development policies with import-substitution policies
What will be an ideal response?
When you stuff dollar bills under your mattress, knowing that they will be there next year to help buy your next major purchase, money is serving which function?
A. Store of wealth B. Unit of account C. Medium of exchange D. Store of real assets
A non-discriminating monopolist's price equals its marginal revenue only when
A. output is zero. B. total revenue is a maximum. C. the monopolist's demand schedule intersects the horizontal (quantity) axis. D. marginal revenue is zero.