Which of the following is an argument against balancing the federal budget?
A. Doing so may prevent the government from pulling the economy out of recession.
B. An increase in government spending and taxes by the same amount does not affect income.
C. The economy will self-adjust so deficit spending is not necessary.
D. None of the choices are correct.
Answer: A
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Bonds that are sold in a foreign country and are denominated in the country's currency in which they are sold are known as
A) foreign bonds. B) Eurobonds. C) equity bonds. D) country bonds.
When a Chinese company builds an auto plant in the United States, the immediate result of this Chinese investment in the United States is a ________ item in the U.S. ________ account
A) surplus; current B) surplus; capital C) deficit; current D) deficit; capital
The greater the standard deviation of an investment the:
A. lower the risk and return. B. lower the return. C. lower the risk. D. greater the risk.
Mr. Kent, a middle-aged bachelor, quit his news reporter job and currently is looking for a better job. The BLS counts Mr. Kent as:
A. not in the labor force. B. employed. C. unemployed. D. a discouraged worker.