A large government budget deficit ________ government saving and ________ national saving
A) raises, raises
B) raises, lowers
C) lowers, raises
D) lowers, lowers
D
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If you save $2,500 for a down payment on a new car, you are using money as
A) a store of value. B) a unit of account. C) a medium of exchange. D) a standard of deferred payment.
The usefulness of the price-taker model requires that the firm's decision makers
a. act to maximize their total revenue and fully understand marginal costs and marginal revenues. b. be able to draw accurate marginal cost and marginal revenue curves. c. place the social interest of the economy above their individual self interests. d. seek to maximize the profits of the firm.
Tolls are not effective in altering people's incentives to drive during rush hour
a. True b. False Indicate whether the statement is true or false
Which of the following technological developments gave rise to labor unions in the United States?
a. transfer of plants and animals during the Columbian exchange b. invention of methods for large-scale crop production and storage c. advances in machine automation and manufacturing processes d. rapid increase in computer information systems after World War II