The Congressional Budget Office estimates that most of the increase in federal spending on Medicare and Medicaid will be due to
A) the aging population.
B) increases in the cost of providing health care.
C) increases in immigration.
D) declining income levels.
Answer: B
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Deposits in savings accounts are included in
A) M1. B) M2. C) both M1 and M2. D) neither M1 nor M2.
"Ceteris paribus" means:
a. if events A and B occur together, one must cause the other b. all relevant details are included c. what is true for the individual must be true for the whole. d. holding other things constant.
The amendment to the U.S. Constitution that granted the federal government the authority to collect income taxes was the
A. 8th. B. 26th. C. 28th. D. 16th.
If a farmer produces 1000 bushels of corn using ten acres of land and one tractor and is able to produce 2000 bushels of corn using twenty acres of land and one tractor, the farmer has
A) increasing returns to scale. B) constant returns to scale. C) decreasing returns to scale. D) no returns to scale.