Needs-tested spending is defined as
A) spending by the President on the White House.
B) spending on programs for people qualified to receive benefits.
C) spending that increases in expansions and decreases in recessions.
D) taxes paid by those qualified by their income.
E) spending by Congress on its own perks of office.
B
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High interest rates might ________ purchasing a house or car but at the same time high interest rates might ________ saving
A) discourage; encourage B) discourage; discourage C) encourage; encourage D) encourage; discourage
A conversion of checking account balances into savings account balances would ____ M1 and ____ M2. a. increase; increase
b. not change; increase. c. decrease; decrease. d. decrease; not change.
Nations with a command economy are known for having many entrepreneurs.
a. true b. false
Economics promotes which of the following as the way to make the best decision?
A) Continue an enjoyable activity as long as you do not have to pay for it. B) Continue an enjoyable activity until it is no longer enjoyable. C) Continue an enjoyable activity until you cannot afford to pursue it. D) Continue an enjoyable activity up to the point where its marginal benefit equals its marginal cost.