Refer to the diagram, in which solid arrows reflect real flows; broken arrows are monetary flows. Flow (8) might represent:
A. personal income taxes.
B. automobile purchases by the state of Maine.
C. the services of firefighters.
D. subsidies to farmers.
B. automobile purchases by the state of Maine.
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Gross federal debt in 2005 was approximately what percent of 2005 GDP?
a. 5 percent b. 25 percent c. 40 percent d. 50 percent e. 90 percent
Who was granted legal authority in the Taft-Hartley Act to prevent a labor strike for 80 days?
a. the union b. the management c. the president d. the owner
the solutions to the principal-agent problem ensures that the firm is operating
What will be an ideal response?
A poverty trap is:
A. what develops when poor nations save "too much." B. what develops when nations devote too much to foreign aid and not enough to domestic poverty. C. a self-reinforcing mechanism that causes the poor to stay poor. D. the lowest quartile of income earners in a given country, because it is highly unlikely they will ever move out regardless of policy.