If a country's population is 5 million and its output is $195 billion, its per capita output is:
A. $9,800.
B. $39,000.
C. $19,960.
D. $1,960.
Answer: B
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Countercyclical monetary policy is policy directives issued by
a. the Fed to moderate swings in the business cycle b. the Fed to intensify swings in the business cycle c. the Treasury designed to increase government spending during recessions d. Congress to moderate swings in the business cycle e. the President to intensify swings in the business cycle
Total utility can be objectively measured in numbers that indicate usefulness or benefit to the consumer
a. True b. False Indicate whether the statement is true or false
In 2008, the Los Angeles Times asked members of the American public whether free international trade has helped or hurt the economy. Of those surveyed,
a. 57 percent said free international trade helped the economy. b. 26 percent said free international trade helped the economy. c. 30 percent said free international trade hurt the economy. d. 16 percent said free international trade hurt the economy.
The largest source of receipts for the federal government is
A) corporate income taxes. B) personal income taxes. C) capital gains taxes. D) Social Security taxes.