The United Nations set a "Millennium Goal" to cut the incidence of global poverty in half between 2000 and 2015
Indicate whether the statement is true or false
T
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At the beginning of World War II, a rationing system was established in the United States. Ration stamps or cards were issued for a variety of commodities such as canned milk and gasoline
To receive a gasoline ration card, a person had to certify a need for gas. The ration cards ranged from the most limited A card which only allowed 3 to 4 gallons per week to the most generous X card, which allowed the carrier to buy an unlimited amount of gasoline. A government entity, the War Price and Rationing Board, decided who received and A or an X card. Gasoline cards were allocated through A) command. B) market price. C) majority rule. D) force.
A constitutional amendment requiring the federal government to balance its budget annually would
a. require a decrease in taxes and/or an increase in government spending during an economic expansion. b. require an increase in taxes and/or a decrease in government spending during a recession. c. destabilize the economy. d. All of the above.
A speculative attack is the result of investors' expectations that the future value of a currency will decline.
Indicate whether the statement is true or false
When referring to GDP, which is not a common alternative designation economists use?
A. Aggregate Expenditure B. Net National Income C. National Income D. Total Output