Which of the following is the largest expenditure item of local governments?
A. Education
B. Public safety
C. Highways
D. Welfare
Answer: A
You might also like to view...
In response to already low short-term interest rates doing little to stimulate the economy during the Great Recession, the Fed began purchasing mortgage-backed securities and long-term government bonds to bring down long-term interest rates
This policy was called A) closed market operations. B) contractionary monetary policy. C) inflation targeting. D) quantitative easing.
Answer the following statements true (T) or false (F)
1. Monetarists argue that the Fed reduces fluctuations in economic activity and the price level. 2. The Fed chairman appears before Congress semi-annually to present the Monetary Policy Report. 3. The Fed used the Term Auction Facility in 2008 to aid bond dealers. 4. The Reigle-Neal Act was passed by Congress in 1932 to regulate banking. 5. Branch banking can now be carried out regionally and even nationally.
When government defines and enforces property rights, this is an example of government as
a. referee. b. regulator of business. c. buyer of goods and services. d. tax collector. e. redistributor.
The estimated demand for a good is
= 25 - 5P + 0.32M + 12PRwhere Q is the quantity demanded of the good, P is the price of the good, M is income, and PR is the price of related good R. The good is
A. an inferior good since the coefficient on M is greater than one. B. a normal good since the coefficient on PR is positive. C. a normal good since the coefficient on M is positive. D. an inferior good since the coefficient on PR is positive. E. none of the above