In 2014, the Social Security Trust Fund held approximately
A. $3 trillion in stocks.
B. $3 trillion in cash.
C. $30 trillion in gold.
D. $3 trillion in government bonds.
Answer: D
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In the contemporary U.S. economy, the best example of fiat money would be
A) coins issued by the U.S. Treasury. B) deposits at all depository institutions. C) deposits at commercial banks, but not deposits at other depository institutions. D) Federal Reserve Notes.
In 2005, the European Union began a program to
A) reduce greenhouse gas emissions by 10 percent within 5 years. B) eliminate greenhouse gas emissions by 50 percent within 15 years. C) subsidize firms that pollute more than a given limit. D) allow the trading of carbon-dioxide permits among firms.
Which of the following is a short-run decision for a muffin shop?
a. hire more workers b. add new ovens c. expand into the building next door d. open a second shop on the other side of town e. go out of business
If a nation's exports are $55 billion, while its imports are $50 billion, we can conclude with certainty that this nation is experiencing a
A. balance of trade surplus. B. balance of payments surplus. C. positive balance on current account. D. positive balance on capital account.