In the graph shown, which of the world supply curves create a trade deficit?
A. WAS0
B. WAS1
C. WAS2
D. None create deficits.
Answer: C
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Counter cyclical policies ________
A) increase the intensity of economic fluctuations B) lead to hyperinflation C) smooth the rate of growth of the economy over time D) lower output below its potential level
What is the largest source of tax revenue for the U.S. federal government and what is the largest expenditure item of the U.S. federal government?
What will be an ideal response?
In economic terminology, a normal good is a good
A) on which a monetary value cannot be placed. B) that is liked only by normal people. C) for which demand increases when price increases. D) for which demand increases when income increases.
Diversification involves:
A. investing all your money in one company. B. buying only one kind of stock. C. buying only low-risk bonds. D. None of these statements is true.