Discounting allows comparisons of
A. money values and physical values.
B. interest payments on borrowed funds and interest payments on loaned funds.
C. money values received at different times.
D. the quantities of outputs produced by different types of capital goods.
Answer: C
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The federal government debt as a percentage of GDP did not rise
A) during World War II. B) during the 1980s. C) during the Great Depression. D) during the 1960s.
Labor productivity growth in the United States during the 1973-1995 period could be explained by a ____ slowdown
a. labor force b. capital formation c. technological d. population growth
A gift-giver's efficient number of gifts (to give to a gift-recipient) has fallen from 10 to 8. This could be because
A) the gift-giver's marginal benefit curve for giving gifts shifted down and left. B) the gift-giver's marginal cost curve of giving gifts shifted up and left. C) the gift-recipient "fell out" of the gift-giver's utility function. D) a and b E) none of the above
During the Cold War era, the U.S.:
A. did not engage in any foreign aid because of the severe cost of fighting the war. B. gave foreign aid to prevent the spread of communism, while Russia did the same in an effort to align countries with the Communist bloc. C. gave foreign aid, while the Russians demanded reparations from many of the same countries. D. gave foreign aid to promote their communistic support.