On average, people in the United States spend a greater percentage of their income on health care than do people in most other countries
Indicate whether the statement is true or false
TRUE
You might also like to view...
The current account reflects
a. trade in tangible products b. trade in goods as well as services c. trade in services only d. the purchase of securities from foreigners e. the sale of securities to foreigners
After being introduced in 1999, the euro
A. increased in value through 2008. B. decreased in value through 2008. C. increased in value through 2000 but then decreased in value through 2008. D. decreased in value through 2000 but then increased in value through 2008.
Under the gold standard, when a nation had a deficit in its balance of payments
A) interest rates would rise which would reduce foreign investment. B) interest rates would fall which would increase foreign investment. C) gold would flow to foreign residents and the domestic money supply would decrease. D) gold would flow into the country leading to an increase in the domestic money supply.
Which of the following is an example of discretionary fiscal policy?
A) a decrease in income tax receipts with falling income during a recession B) tax cuts passed by Congress in 2008 to combat the recession C) a decrease in food stamps issued during an expansion D) an increase in unemployment insurance payments during a recession