For conservatives, the United States needs
A. an expanded public sector to protect consumers.
B. a smaller public sector and less regulation.
C. a larger tax rate and more government spending.
D. more public goods and services, such as national health care.
Answer: B
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The real wage rate is $35 an hour. At this wage rate there are 100 billion labor hours supplied and 200 billion labor hours demanded. There is a
A) shortage of 300 billion hours of labor. B) shortage of 100 billion hours of labor. C) surplus of 100 billion hours of labor. D) surplus of 300 billion hours of labor. E) shortage of 200 billion hours of labor.
If an Albanian company hires a U.S.-based law firm, it is
A) insourcing, from a U.S.-perspective. B) using domestic outsourcing. C) changing into a multinational enterprise. D) vertically integrating.
The price/earnings (PE) ratio of a stock is found by
a. dividing the most recent year's dividend by the current stock price b. dividing the current stock price by the after-tax profit per share c. dividing the most recent year's dividend by retained earnings d. dividing the current stock price by the Dow Jones Industrial Average e. dividing the current stock price by the present value of the firm
The most commonly held form of public debt is the
a. Treasury bond b. Treasury bill c. Treasury note d. savings bond e. savings bill