The infamous "bridge to nowhere" was tucked into emergency spending intended for
A. rebuilding after Hurricane Katrina.
B. the new lunar landing mission.
C. the war in Iraq.
D. elimination of Medicare entitlements.
Answer: A
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In the above figure, the relationship between income and expenditures is
A) positive. B) negative. C) independent. D) random.
If all government budgets are balanced, and S is greater than I, then
A) the net international investment position must be positive. B) the financial account must be positive. C) the financial account must be negative. D) the net international investment position must be negative. E) Both A and B.
Economies of scale suggests that as the level of production:
a. decreases, the average cost of producing each individual unit increases. b. increases, the average cost of producing each individual unit increases. c. decreases, the average cost of producing each individual unit declines. d. increases, the average cost of producing each individual unit declines.
Which of the following is true?
a. Most stockholders own stock because they want to participate in the daily decision making of the firms that they own. b. The shareholders of a large well-established firm can be reasonably sure that they will earn a real rate of return of about 7 percent in the future. c. The potential losses of shareholders are limited to the amount of their investment. d. Ownership of a corporate bond provides the bondholder with an ownership right to a fraction of the firm's future profits.