Which of the following is a criticism of capitalism?
a. All of the answers are correct.
b. Exploitation of workers.
c. Unequal distribution of income.
d. Failure to protect the environment.
a
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The decline in the percentage of the federal government's budget devoted to national defense is evidence of the lack of new demand for U.S. military activity
a. True b. False
Which of the following would be considered a variable input in the short run? a. The size of a firm's plant
b. The acreage of an apple farmer's orchard. c. The production capacity of a machine. d. None of the above.
In terms of the impact on aggregate expenditure of alternative methods of raising additional revenue for government spending,
a. borrowing from banks is more effective than taxation, which is more effective than borrowing from the public. b. taxation is more effective than borrowing from the public, which is more effective than borrowing from banks. c. borrowing from banks is more effective than borrowing from the public, which is more effective than taxation. d. borrowing from the public is more effective than borrowing from the banks, which is more effective than taxation.
Which of the following is true in the classical model?
a. A spontaneous increase in spending can cause an increase in output and employment. b. An increase in output and employment can cause a decrease in spending. c. A spontaneous decrease in spending can cause an increase in output and employment. d. An increase in output and employment can cause an increase in spending. e. A spontaneous decrease in spending can cause a decrease in output and an increase in employment.