Given the underlying demographic changes in our society, we can expect
a. budget surpluses to outnumber budget deficits in the years ahead.
b. the number of budget surpluses to be approximately equal to the number of budget deficits in the years ahead.
c. budget deficits to outnumber budget surpluses in the years ahead.
d. budget deficits one year to be followed by a budget surplus the next so that the budget balances every two years.
C
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The Federal Reserve System first began operations in:
A. 1865. B. 1914. C. 1789. D. 1934
A firm producing calculators and cell phones purchases new machinery that increases the productivity of producing calculators
Assuming that the number of calculators produced is measured on the horizontal axis and the number of cell phones produced is measured on the vertical axis, how will the introduction of the new machinery change the firm's production possibilities curve? A) The production possibilities curve will shift to the left. B) The production possibilities curve will shift rightward. C) The production possibilities curve will pivot rightward about the vertical axis. D) The production possibilities curve will pivot rightward about the horizontal axis.
Tariffs help consumers by lowering the price of imported goods
a. True b. False Indicate whether the statement is true or false
We can tell how much physical capital has been added to the economy by:
A. taking into account both new investment and depreciation of capital. B. adding up the value of all tools, equipment, and structures that have ever been built. C. counting the number of persons of working age. D. counting the number of persons of working age who are employed.