A small country is an international borrower if its real interest rate without foreign borrowing is ________ the world real interest rate
A) higher than
B) equal to
C) lower than
D) not comparable to
A
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Prior to 1984, which of the following groups were exempted from the Social Security program?
a. federal workers b. Teamsters c. members of Congress d. a and c
A sole proprietorship produces only one good
Indicate whether the statement is true or false
Many states charge a 10-cent deposit on every can of soda sold. A purchaser pays an extra 10 cents per can and will get his money back by returning the empty can to a store. This policy encourages recycling by
a. increasing the supply of recyclable materials. b. shifting in the demand curve for canned soda. c. raising the opportunity cost of discarding empty cans. d. taxing the production of canned soda.
In the actual economy, households
a. spend all of their income. b. divide their income among spending, taxes, and saving. c. buy all goods and services produced in the economy. d. Both (a) and (c) are correct.