Federal employment in the United States is dominated by what two functions?
A. National defense and postal service.
B. Health care and police.
C. Postal service and education.
D. Health care and national defense.
Answer: A
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Answer the following statements true (T) or false (F)
1. A major advantage of a partnership is the legal separation of personal and partnership assets. 2. In a corporate form of business enterprise, both profits and dividends are subject to income tax. 3. In determining what and how much to produce, the market economy works in a democratic manner based on dollar votes. 4. Government intervention in market economies was and is necessary to remedy the inequities that evolved from economic liberalism.
Present the case for floating exchange rates
What will be an ideal response?
If inflationary expectations are stable and there is no current inflation, the short-run Phillips curve will intersect the long-run Phillips curve at: a. a 0 percent unemployment rate
b. a 2 percent unemployment rate. c. a 4 percent unemployment rate. d. the natural rate of unemployment.
If the price elasticity of demand for good A is -2, then a 1% increase in
A) consumer income will result in a 2% decrease in the demand for good A. B) consumer income will result in a 2% increase in the demand for good A. C) the market price of good A will result in a 2% increase in the quantity demanded of good A. D) the market price of good A will result in a 2% decrease in the quantity demanded of good A.