At the end of 2009, the national debt stood at 60 percent of GDP, substantially higher than its World War II level

a. True
b. False


B

Economics

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Countries import goods in which they have:

a. an absolute advantage. b. a comparative advantage. c. a reputation for good product quality. d. a comparative disadvantage. e. a surplus domestic production.

Economics

According to Keynes, consumer spending was determined by what?

a. Disposable income, expected future income, wealth b. Disposable income, taxes, expected future income c. Taxes, expected future income, wealth d. Income, expected future income, wealth

Economics

The most important type of human capital is

Economics

A general formula for the multiplier is

A) 1/(1-MPS) B) 1/(MPC) C) 1/(MPS) D) 1/(MPC-1)

Economics