Politicians have suggested that the budget deficit could be reduced by
A) increasing taxes and reducing expenditures.
B) lowering the interest rates.
C) imposing higher tariffs on imported goods.
D) forbidding interest payments on government bonds outsourcing.
A
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If people can benefit from a good even if they do not pay for it, the good is nonrival
Indicate whether the statement is true or false
Which of the following statements is TRUE for the U.S. economy?
A) Supply of services always reflects all social costs. B) Demand for services always reflects all social costs. C) Private costs are not always equal to social costs. D) Social benefits are always emphasized in advertising.
If a perfectly competitive industry is taken over by a monopolist,
a. output will always rise b. output will always fall c. market price will probably not change d. marginal cost will approach average variable cost in the long run e. market price could fall if there are large gains from technological changes under monopoly
Which of the following sequence of events follows an open market purchase by the Fed?
A. r? ? I? ? AE? ? Y? B. r? ? I? ? AE? ? Y? C. r? ? I? ? AE? ? Y? D. r? ? I? ? AE? ? Y?