If business taxes rise in a large open economy, it causes the current account to ________ and saving to ________.
A. rise; fall
B. rise; remain unchanged
C. fall; fall
D. fall; remain unchanged
Answer: A
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Suppose that the amount of computer printers demanded increases by 20 percent when the price of personal computers falls by 10 percent. The cross price elasticity of demand between computer printers and personal computers is
A) 0.5. B) -2.0. C) -0.5. D) 2.0.
Which group of U.S. citizens competes with illegal immigrants in the United States?
a. medical doctors b. high school dropouts c. college graduates d. all U.S. citizens
Which of the following parts of Social Security was not part of the original program?
A. Benefits to widows B. Benefits to orphans C. Medicare D. Retirement benefits
From the mid-1970s to the mid-1990s, the federal government ran a _____ and the state and local governments ran a _____.
A. deficit; deficit B. deficit; surplus C. surplus; surplus D. surplus; deficit