In the United States from 1960 to today, the largest positive contribution to national saving was from:
A. the government budget deficit.
B. business saving.
C. the public sector.
D. household saving.
Answer: B
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According to traditional Keynesians, monetary policy as a tool to fight a recession
A) is very effective because interest rates will fall immediately. B) has an uncertain effect on the economy, depending on the direction of fiscal policy. C) is ineffective because interest rates will not fall. D) cannot be determined because traditional Keynesians do not consider monetary policy at all.
An HMO hires radiology services from India to cut costs. If all else remains equal, this will
A) decrease net exports. B) increase the current account balance. C) decrease the balance of trade. D) decrease the financial account.
_____ and _____ are examples of complementary products
a. Coke; Pepsi b. Coffee; tea c. Hot dogs; hot dog buns d. Pens; pencils
Suppose that a consumer purchases just two goods, X and Y. The ratio of the price of good X to the price of good Y is the:
A. Intercept on the Y axis of the budget line B. Intercept on the X axis of the budget line C. Size of the shift in the budget line D. Slope of the budget line