Which of the following would not be a monopolistic competitor?
A. Mother's café
B. Mr. Nice Guy's rent-a-tuxedo
C. Andy's magic shop
D. International Business Machines
D. International Business Machines
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The expansionary effects of an increase in government expenditures will tend to be offset, at least partially, if
a. government borrowing drives interest rates upward. b. taxes are not also increased. c. business decision makers and consumers become more optimistic as the result of the fiscal stimulus. d. the economy is operating well below its full-employment capacity.
According to economist Robert Barro, if parents are concerned about the welfare of their children, then each adult generation will voluntarily reduce the burden of federal debt on future generations, and thus forego the stimulative effect of deficit spending in the present
Indicate whether the statement is true or false
If the dollar depreciates relative to the Swiss franc
A) Swiss chocolate will become cheaper in the United States. B) American computers will become more expensive in Switzerland. C) Swiss chocolate will become more expensive in the United States. D) Swiss computers will become cheaper in the United States.
A fully funded plan requires
A. you to pay for your dinner as you go to the table to eat. B. current working citizens to pay for current retired citizens. C. no taxes since current workers pay for current retirees. D. retirees to be paid from accounts that have accumulated with interest over their working lives.