If the federal government is running a budget deficit,
a. the national debt will decline.
b. it will have to either raise taxes or reduce expenditures next year.
c. the U.S. Treasury will finance the deficit by issuing additional bonds.
d. the supply of money will increase and the general level of prices will rise.
C
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During the 1980s both the relative price and the purchases of BMWs increased dramatically. In the economic way of thinking,
A) the supply curve of BMWs shifted to the right. B) the demand curve for BMWs shifted to the right. C) the supply curve of BMWs shifted to the left. D) the demand curve for BMWs shifted to the left.
What is one reason consumers might demand a discount for quantity purchases?
A) higher storage costs B) lower marginal cost C) lower marginal benefit D) price gouging
The demand curve for funds is downward sloping because
a. the value of the MRP in terms of today's money shrinks as the interest rate rises. b. future returns must be discounted more when the interest rate rises. c. as the interest rate rises, more and more investments become unprofitable. d. All of the above are correct.
"No person can be deprived of life, liberty or property without due process of law, nor shall private property be taken for public use without just compensation."
a. Article 1 of the Declaration of Independence b. The first amendment c. The Eleventh Amendment d. The Fifth Amendment e. None of the above