Refer to the scenario above. Which of the following is the optimum choice?
A) Apartment Very Close
B) Apartment Close
C) Apartment Far
D) Apartment Very Far
D
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If no foreign residents owned any of the U.S. public debt, then it would be true that
A) U.S. residents would essentially owe the public debt to themselves. B) there would be no distributional consequences associates with he public debt. C) there would be no interest payments on the public debt. D) the public debt would naturally disappear over time.
According to Scenario 4-1, country C has net exports of:
a. zero. b. $13 million. c. $6 million. d. ?$13 million. e. ?$6 million.
Being a first mover means:
A) Being the first firm to offer a product in a particular market. B) Being successful. C) Asking for failure. D) Nothing unless the firm continues to be the first mover. E) That there is never a benefit to not being the first mover.
Supply-side economics stresses that high marginal tax rates
a. are the key to maintaining a balanced budget. b. are an effective short-run countercyclical tool to promote recovery from a recession. c. discourage people from working harder and using their resources productively. d. encourage people to work, supply resources, and use them more efficiently.