Federal government expenditures account for more than two-thirds of the money spent in the public sector
a. True b. False
b
You might also like to view...
Which of the following is NOT an element of a seller's decision-making process in a perfectly competitive market?
A) The relationship between the inputs and outputs B) The cost of the inputs C) The price of the output D) The number of buyers
Refer to Table 19-16. Given the information above, what can we say has happened in the economy from 2015 to 2016?
A) The price level has remained constant. B) The price level has fallen. C) The price level has risen. D) Not enough information is available to determine what has happened to prices.
The second fundamental theorem of welfare economics states that
A) under certain conditions, a competitive equilibrium is Pareto optimal. B) a competitive equilibrium is always Pareto optimal. C) under certain conditions, a Pareto optimum is a competitive equilibrium. D) a Pareto optimum is always a competitive equilibrium.
Which of the following is an example of a bank functioning as a financial intermediary?
a. Bank A, which has a vault facility where its clients can keep their valuable documents b. Bank B, which has an excellent reputation for stability and sound investment c. Bank C, which pays its employees better than average salaries d. Bank D, which provides many small businesses with start-up capital