Most of the money that we pay to foreigners to finance our current accounts deficit
A. flows back to the U.S. in investment funds.
B. stays abroad where it circulates as currency.
C. ends up in the hands of drug dealers.
D. is used by foreign governments as reserves.
A. flows back to the U.S. in investment funds.
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Which of the following statements is true about the Medicaid program?
a. Eligibility standards are uniform across states. b. The program is totally funded by federal tax revenues. c. Everyone in the poverty-level population is eligible for benefits. d. About 20% of total outlays are for nursing home and home health care for the elderly. e. All of the above are true.
Suppose studies showed that only 15 percent of all teens wear their bike helmets while riding their bikes. If policymakers wish to have more teens wear their bike helmets, they should:
A. inform teens of the social norm. B. not inform teens of the social norm. C. Informing them of the social norm will have no impact on their individual situation. D. The statistic is likely to influence their personal decision, but it is impossible to predict in what way without more information.
In an attempt to keep unemployment rate below its natural rate, many Latin American countries used expansionary fiscal and monetary policies heavily. These policy choices were the main reason why these same countries
a. true b. false
Jim has the following assets and liabilities:Credit card balance$1,000Cash$500Government bonds$3,000Checking$750Car loan balance$10,000Car$15,000 What is Jim's money demand?
A. $750 B. $3,250 C. $1,250 D. $500