Which of the following will increase investment spending in the economy, holding everything else constant?
A) an increase in the federal government surplus B) an increase in transfer payments
C) an increase in the budget deficit D) an increase in consumer dissavings
A
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Sasha has a master's degree in writing, and currently works full-time as a 2nd grade classroom helper. She submits articles for the local paper on occasion, and gets paid only when the editor agrees to publish a submission. Sasha would love to be a full-time reporter. The best way to describe Sasha is to say she is ________________; the Bureau of Labor Statistics would count Sasha as ____________.
A. underemployed; employed B. employed; employed C. discouraged; underemployed D. underemployed; underemployed
In which of the following product markets are we likely to observe the largest amount of advertising?
a. markets with highly differentiated products b. perfectly competitive markets c. markets in which industrial products are sold d. markets in which there is very little difference between different firms' products
Libertarians believe that
a. policy should aim for an income distribution that maximizes total happiness of all members of society. b. large income disparities are likely to become a threat to political liberty. c. the government should aim to improve the well-being of the worst off person in society. d. people should be free to engage in voluntary transactions, even if large income disparities result.
Refer to the information provided in Table 21.6 below to answer the question(s) that follow. Table 21.6
Refer to Table 21.6. The value of government spending in billions of dollars is
A. 800. B. 1,400. C. 2,000. D. 2,300.