How much of the U.S. federal budget is spent on foreign aid?
A. about 1 percent
B. about 5 percent
C. about 25 percent
D. about 50 percent
Answer: A
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In the United States in 2014, about ________ of uninsured people live in families in which at least one member has a job
A) 12%. B) 38%. C) 70%. D) 98%.
Structural unemployment is increased when the wage is kept above the market-clearing wage by:
A. worker mobility. B. skill-biased technological change. C. labor unions. D. unemployment insurance.
Assets are things of value that people own. Liabilities are debts. Therefore, a bank will always consider a checking account deposit to be an asset and a car loan to be a liability.
A. Disagree. Checking accounts represent something that the bank owes to the owner of the account. It is a bank liability B. Agree. checking accounts or something of value that is in the bank. Therefore, they are a bank asset C. Disagree. Both checking accounts and car loans represent bank liabilities
Other things equal, if more firms enter a monopolistically competitive industry:
A. the demand curves facing existing firms would shift to the right. B. the demand curves facing existing firms would shift to the left. C. the demand curves facing existing firms would become less elastic. D. losses would necessarily occur.