Which of these is the BEST example of how the free enterprise system of the United States promotes individual initiative?
A) Men must register for selective service.
B) A citizen may be called to serve on a jury.
C) The legislative branch levies an income tax.
D) Authors can have original works copyrighted.
Answer: D) Authors can have original works copyrighted.
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If bond investors think they lack enough details to evaluate the likelihood of defaults on certain bonds, this will result in higher:
A) expected return B) liquidity C) information costs D) expected inflation
Equilibrium price
What will be an ideal response?
A government subsidy per unit of output increases supply.
Answer the following statement true (T) or false (F)
Suppose that the economy has a structural deficit of $200 billion but is running a budget surplus. It follows that:
A. there is a cyclical deficit. B. there is no cyclical deficit or surplus. C. there is a cyclical surplus. D. the cyclical deficit cannot be determined without more information.