When the government has a deficit, a burden is necessarily imposed on future generations of taxpayers
a. True
b. False
Indicate whether the statement is true or false
False
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The accumulated training and education that you have is
A) physical capital. B) entrepreneurship. C) economic goods. D) human capital.
According to the National Journal, the rise in two-career high-earning couples alongside the rise of ________________ accounts for roughly half of the rise in income inequality across households in recent decades.
a. single-parent households b. minimum-wage jobs c. workers being replaced by robots d. fewer young people attending college
Suppose the quantity of money is $1,000, the velocity of circulation is 6, and real GDP is $4,000. Then the price level is
A) 2.0. B) 2.5. C) 1.1. D) 1.5. E) 6.0.
Which of the following reasons best explains why Julio mows his lawn, cleans up trash in his yard, paints his shutters, and does other maintenance projects on his house?
A. Scarcity B. Opportunity cost C. Property rights D. Specialization and trade