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
B. national defense
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Which one of the following is a key to economic development?
A) an educated population B) the removal of property rights C) the preservation of established means of production D) a high level of protection against imported products
In the market for reserves, when the federal funds rate is above the interest rate paid on excess reserves, the demand curve for reserves is
A) vertical. B) horizontal. C) positively sloped. D) negatively sloped.
Direct franchising ________ firms to retain close control over their foreign franchises, but ________ give firms familiarity with foreign markets, laws, traditions, and social customs.
A) allows; does not B) allows; does C) does not allow; does not D) does not allow; does
Which of the following is a form of statistical discrimination?
a. Young people are charged higher automobile insurance rates due to the higher probability of an accident. b. Restaurants prefer to hire women than men as servers. c. Women prefer to see a female doctor than a male doctor. d. Women are more likely than men to pay too much money for a new automobile because salespeople bargain more with men than with women. e. Female physicians earn 20 percent less than male physicians, on average.