Suppose the following information describes the economy:GDP2,000Consumption1,500Government Spending300Net taxes400Private saving equals ________ and national saving equals ________.
A. 100; 200
B. 200; 500
C. 100; 100
D. 200; 300
Answer: A
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What will be an ideal response?
The gap between Federal expenditures and Federal revenues after 1980 was caused primarily by
A) the recessions which occurred in the 1980s. B) a substantial decrease in Federal revenues. C) a substantial increase in Federal expenditures. D) rising interest rates which made caused investment and growth to collapse.
Opportunistic behavior on the part of the employer is possible because:
a. contracts are often incomplete and leave room for implicit understandings between the two parties. b. employees often reduce their effort level if they are important to the company. c. it is difficult to monitor all employees and their performances. d. good quality work can be easily measured.
Which of these arises when an individual listens to loud music late in the night?
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