Which statement is true?
A. The United States Treasury will probably go bankrupt within 10 years.
B. Because the national debt grows each year, we have to pay more and more interest on the debt; because interest payments keep rising, our deficits keep growing, further pushing up the debt.
C. The United States Treasury can never go bankrupt.
D. None of the choices/statements are true.
B. Because the national debt grows each year, we have to pay more and more interest on the debt; because
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Historically, the leading official reserve asset was
A) gold. B) the U.S. dollar. C) the British pound. D) the German mark.
If the consumer price index in Year 1 was 200 and the CPI for Year 2 was 230, the rate of inflation was:
a. 15 percent. b. 7.5 percent. c. 30 percent. d. 230 percent.
The ratio between the percentage change in the quantity demanded (Qd) or supplied (Qs) and the corresponding percentage change in price is called:
a. price elasticity. b. cost elasticity. c. demand elasticity. d. supply elasticity.
Suppose the mean earnings of two groups differ. Which of the following would be the logical conclusion?
a. The group with the lowest earnings must be less productive. b. Without consideration of preferences and productivity factors, differences in unadjusted mean earnings do not necessarily reflect employment discrimination. c. The group with the lowest earnings must be the victim of employment discrimination. d. The group with the highest earnings is more highly motivated and materialistic