The U.S. government spent over $3.6 trillion in budget year 2010
a. True
b. False
Indicate whether the statement is true or false
True
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A country has imports of goods and services at $2,000 billion. The interest paid to the rest of the world is $500 billion. The interest received from the rest of the world is $400 billion. The decrease in official reserves is $10 billion
The government sector balance is $200 billion, savings is $1,800 billion, investment is $2,000 billion, and net transfers is zero. What are net exports? A) $0 B) -$100 billion C) -$200 billion D) $100 billion E) $200 billion
The jet noise assaulting the ears of a baggage handler is not an externality or spillover cost if
A) baggage handlers are required by law to wear hearing protectors. B) baggage handlers are required by their employers to wear hearing protectors. C) baggage handlers freely choose to wear hearing protectors. D) baggage handlers find the pay sufficiently attractive to stay with their jobs. E) the noise does no permanent damage to their hearing.
A benefit of unions is that they
A) increase firm profits. B) increase the stability of the workforce. C) increase wage inequality. D) restrict the labor market.
Taxing buyers rather than sellers increases the market equilibrium price
a. True b. False Indicate whether the statement is true or false