Which of the following uses of tax revenues collected by the government leads to increased capital deepening in the United States?
A) subsidizing airport construction in Seattle
B) foreign aid given to Mexico to build new schools
C) providing food to a nation suffering from a famine
D) higher salaries for members of Congress
A
You might also like to view...
Increasing the amount of information available to investors helps to reduce the problems of ________ and ________ in the financial markets
A) adverse selection; moral hazard B) adverse selection; risk sharing C) moral hazard; transactions costs D) adverse selection; economies of scale
The above figure shows Bobby's indifference map for juice and snacks. Also shown are three budget lines resulting from different prices for snacks. Bobby's demand for snacks is
A) unit elastic. B) elastic. C) inelastic. D) perfectly elastic.
In the table shown above, the total cost of the market basket in 2015 was
A) $6.00. B) $8.50. C) $60.00. D) $85.00.
If investors feel that business conditions will deteriorate in the future, the demand for loans and the real interest rate in the loanable funds market will change in which of the following ways in the short run?
A) Increase/Increase B) Increase/Decrease C) Decrease/Increase D) Decrease/Decrease E) Decrease/No change