The federal budget deficit has been over 30 percent of GDP since the early 1980s
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is an example of natural monopoly?
A) cellular phone companies in a large city B) local water utility companies C) major league sports franchises in the largest cities D) All of the above are natural monopolies.
Which group has the highest poverty rate from among these groups?
A. Children under 18 B. Persons over 65 C. White males D. Members of working class families
Which of the following statements is true?
A. U.S. residents pay a higher percent of their income in taxes than the people in the provinces of Canada. B. The top marginal tax rate today is about half of the top marginal tax rate in 1960. C. Today the overall tax burden is about the same as what it was in 1929. D. Education in the U.S. is paid for exclusively by local taxes.
Which of the following would likely cause aggregate demand to shift to the left?
A. Decreased income taxes B. Decreased consumer confidence C. Increased government spending D. increase in investors’ confidence.