If the funding for a larger budget deficit comes from international financial investors, then a budget deficit may be accompanied by a
a. trade surplus.
b. trade deficit.
c. trade balance.
d. Ricardian equivalence.
b. trade deficit.
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"There should be less discrimination against the elderly." This is an example of a
a. normative statement b. positive statement c. forecast d. hypothesis e. prediction
Which of the following is most likely to be true of economic and accounting profits?
a. Economic profits are less than accounting profits. b. Accounting profits are less than economic profits. c. Economic profits plus accounting profits equal zero. d. Accounting profits minus economic profits equal zero.
When the dollar appreciates, the cost to Americans of foreign goods
a. rises and the CPI falls. b. rises and the CPI rises. c. falls and the CPI rises. d. falls and the CPI falls.
If the price of Snickers candy bars fall 10% and quantity demanded rises by 11%, demand is _________.
Fill in the blank(s) with the appropriate word(s).