Which of the following represents a problem with the federal budget process in the U.S.?
a. Congress must approve a budget with at least a 2/3 majority vote.
b. The federal budget must be balanced each year.
c. Congress has only limited control over much of the budget, because about 3/4 of budget outlays are determined by existing laws.
d. Congress approves a budget that keeps capital budget and operating budget separately.
c
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In a partnership, legal responsibility for all debts is
A) shared by the partners. B) passed to the shareholders. C) paid by the principle owner. D) handled by the bondholders.
Which is NOT true about the coefficient of determination?
a. As you add more variables, the R-square generally rises. b. As you add more variables, the adjusted R-square can fall. c. If the R-square is above 50%, the regression is considered significant. d. The R-square gives the percent of the variation in the dependent variable that is explained by the independent variables. e. The higher is the R-square, the better is the fit.
Which of the following is an example of a monetary policy?
a. Feds reducing bank lending b. Government decreasing the tax rate c. Government increasing the level of technology d. Decreasing government spending
Refer to the accompanying table. Total utility ________ as additional apples are consumed, but marginal utility ________ with each additional apple consumed.Number of ApplesTotalUtility120235345450545
A. first decreases then increases; decreases B. first increases then decreases; decreases C. first increases then decreases; increases D. first decreases then increases; increases