In the circular flow model, resources flow from the households to the firms
Indicate whether the statement is true or false
T
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In the United States, the debt burden tends to rise during ________ and fall during ________
A) wartime, but only if the war is of short duration; peacetime B) peacetime; wartime, but only if the war lasts several years. C) peacetime; wartime D) wartime; peacetime
Suppose you purchase a new home for $150,000, making a down payment of 10% and taking out a mortgage on the balance. What is the return on your investment in your home if one year later the price of your home decreases by 20%?
A) -10% B) -30% C) -50% D) -200%
When compared to national defense expenditures, human resources expenditures _____
a. declined substantially during the 1980s b. have remain stable since the 1950s c. are a smaller percentage of GDP d. have increased substantially since the mid 1960s
Why do Americans want to buy pounds?
a. To buy goods and services from British firms and to buy British assets. b. To purchase a British soccer shirt in New York. c. To purchase stock in British companies on the New York Stock Exchange. d. To purchase Canadian bonds. e. To buy goods and services only.