Which of the following statements is CORRECT?
A) Taken together, expenditures on national defense and on income security and health programs now account for less than half of all federal government spending.
B) Expenditures on national defense now account for more than twice as much federal government spending as expenditures on income security and health programs.
C) Since the mid-1940s, expenditures on national defense have increased considerably as a percentage of total federal government spending.
D) Since the mid-1940s, expenditures on income security and health programs have increased considerably as a percentage of total federal government spending.
D
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Which of the following can be used as money?
A) silver B) emeralds C) coconuts D) all of the above
When leisure is an inferior good, the wage elasticity of labor supply is always positive.
Answer the following statement true (T) or false (F)
Suppose an individual has state-independent tastes and invests in risky stocks rather than safe bonds. We can infer that he must be risk loving.
Answer the following statement true (T) or false (F)
Which of the following would be considered an ongoing expense?
A. Employee salaries B. Raw materials C. Advertising D. All of these could be considered ongoing expenses.