In 2012, the U.S. federal government legislation authorized:
A. 152 earmarks totaling $3.3 trillion.
B. 2,300 earmarks totaling $8.7 billion.
C. 10,160 earmarks totaling $19.6 billion.
D. 11,700 earmarks totaling $16.9 billion.
Answer: A
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Both President Bush and President Obama wanted tax cuts to stimulate consumer spending during the 2007-2009 recession
a. True b. False Indicate whether the statement is true or false
During a recession, the overall unemployment rate
A. equals the inflation rate. B. falls below the natural rate of unemployment. C. falls rapidly. D. exceeds the natural rate of unemployment.
The bowed out (concave) shape of the production possibilities curve implies that as production of one good
A) increases, society must forgo increasing amounts of another good. B) increases, production of other goods increases as well. C) decreases, production of other goods decreases as well. D) increases, society must forgo decreasing amounts of another good. E) increases, society can obtain a free lunch.
Refer to Figure e. Brandon and Allie want to go on a date one summer evening. Allie is a Red Sox fan, while Brandon is a Mets fan. Both teams are playing that evening, but not against each other. Each would rather watch their favorite team, but neither can force the other to watch a particular game, and each is willing to suffer through the other's game if it means time together. If Allie watches the Mets, what is Brandon's best response?
A. Brandon should watch the Red Sox.
B. Brandon should watch the Mets.
C. It does not matter which Brandon watches; he is indifferent between the Red Sox and the Mets.
D. Brandon should not consider Allie's choice when making her decision.