Which of the following is not true about government spending on national defense?
a. It is the third-largest spending category for the U.S. federal government.
b. It includes salaries of military personnel.
c. It fluctuates over time as the political climate changes.
d. It is not financed with tax revenue.
d
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According to this Application, Professor Gordon is ________ about future economic growth in the United States and he predicts a ________ increase during this century
A) optimistic; small B) pessimistic; large C) pessimistic; small D) optimistic; large
If a country's income grows at the rate of 5 percent a year, it doubles in about
A) eight years. B) six and one-half years. C) ten years. D) fourteen and one-half years. E) twenty years.
Purchasing a profitable supplier increases profit only if
a. You pay equal to the value of the company's inventory b. You pay higher than the value of the company's future profits c. You pay lower than the value of the company's discounted future profits d. You pay lower than the value of the company's undiscounted future profits
A group of buyers and sellers of a particular good or service is known as
a. coalition. b. partnership. c. market. d. union