Utility is most closely defined by which of the following terms?
a. Useful.
b. Worthiness.
c. Necessary.
d. Satisfaction.
d
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The Ricardo-Barro effect argues that the crowding-out effect
A) is the result of the government budget deficit and higher interest rates. B) will occur, because the private saving supply will change to offset any change in the government budget deficit. C) is stronger when the government runs a budget surplus than when it runs a budget deficit. D) is the result of a government budget surplus and higher interest rates. E) will not occur, because the private saving supply will change to offset any change in the government budget deficit.
The strongest point in the case against activism is that
A) so many segments of private aggregate demand are unstable. B) activist policy, even if desirable, is too difficult to perform well enough. C) private aggregate demand is basically stable. D) policy rules for targets have been proven by the record of the Fed in the 1980s and 1990s to be perfectly feasible.
American high school students' test scores, especially in math and science, are higher than those in OECD countries
a. True b. False Indicate whether the statement is true or false
The figures below illustrate a situation of a trade embargo. In Figure (a) Dd and Sd are the domestic demand and supply curves of the embargoing countries. Prior to the embargo there was free trade at the world price of P0.
The embargoing country loses area ________ while the target country loses area.
A. (b + c); (a + c). B. a; b. C. (a + d); (b + c). D. a; (b + c).