By 2012, the dollar value of the debt:
A. past 100 percent of GDP.
B. the lowest in the U.S. history.
C. was reduced to $500 billion.
D. back down to 40 percent of GDP.
A. past 100 percent of GDP.
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Which of the following would not cause the demand curve for college football tickets to shift?
a. an increase in the price of professional football tickets b. a decrease in the price of college basketball tickets c. an increase in the price of college football tickets d. a drop in student incomes e. an increase in student preferences for college football tickets
Discretionary expenditures
What will be an ideal response?
An activity that makes some people better off and nobody worse off is a
A. government transfer program such as Social Security. B. reduction in interest rates. C. voluntary exchange. D. price floor that increases income to suppliers.
Which of the following pairs of goods is most likely to have a positive cross-price elasticity?
A) Printers and ink cartridges B) A privately-owned car and public transportation C) Coffee and sugar D) Motorcycles and typewriters