From 2004 to 2006, the U.S. budget was ________, private saving was ________ domestic investment, and foreign borrowing was ________
A) in deficit, less than, needed to finance deficit
B) balanced, roughly equal to, not needed to finance deficit
C) balanced, less than, substantial.
D) surplus, greater than, negligible
A
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In general, the more risk averse a plaintiff is, the ________ willing the plaintiff is to settle, and the ________ the amount the plaintiff will accept to settle.
A) less; higher B) more; lower C) more; higher D) less; lower
The standardization of software applications that people can easily share is an example of:
A. a network externality that can be positive or negative. B. an innovation that does not carry a network externality. C. a negative network externality. D. a positive network externality.
An increase in which of the following variables should cause an increase in profit per unit of capital?
A) total wages and salaries B) total sales C) the capital stock D) the ratio of total sales to the capital stock E) the ratio of total sales to total wages and salaries
Assume that a person earns $600 per day at a certain job. If the marginal tax rate is cut from 40% to 30%, then this person's after-tax daily earnings will:
A. Decrease from $240 to $180 B. Increase from $480 to $540 C. Decrease from $540 to $480 D. Increase from $360 to $420