Around 25 percent of the federal government's budget goes towards redistributive programs
a. True b. False
b
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Which of the following would an economist classify as physical capital?
a. 100 shares of IBM stock b. a $50 bill c. a credit card d. a lawyer's computer
Factors that cause a decrease in the demand for credit at a given real interest rate cause:
A) the credit demand curve to shift to the right. B) an upward movement along the credit demand curve. C) the credit demand curve to shift to the left. D) a downward movement along the credit demand curve.
If nominal GDP rises we can say that
A) production has risen and prices remain constant. B) prices have risen and production remains constant. C) production has fallen and prices have risen. D) production has risen or prices have risen or both have risen.
An import tariff will cause the terms of trade of the ________ country to ________ and will ________ the country
A) importing; improve; benefit B) exporting; improve; benefit C) importing; suffer; harm D) exporting; improve; harm E) importing; improve; harm