In 2012, the general public (excluding Federal agencies) held about what percentage of U.S. Federal debt?
A. 33%
B. 50%
C. 60%
D. 75%
C. 60%
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Larry Lawnlover is trying to decide whether it would be more efficient to trim his lawn with a hand-operated clipper or to buy and use an electrically operated weed-trimmer
Which of the items below will help determine the more efficient choice for Larry? A) Larry's dislike for the noise created by power tools B) Larry's fear of being injured while using power tools C) The sensitive skin on Larry's hand, which causes him to develop, blisters easily D) All of the above. E) None of the above.
Keynes believed
A. recessions were temporary. B. budget deficits were to be avoided at all costs. C. any kind of spending was necessary to get us out of a depression. D. both wages and prices were downwardly flexible.
If a 10 percent wage increase in a particular labor market results in a 5 percent decline in employment in that market, labor demand is:
A. unit-elastic. B. elastic. C. inelastic. D. perfectly elastic.
Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen. One can conclude that
A) the law of demand has been violated. B) the number of tarot card readers has increased. C) the demand for tarot card readers has increased. D) tarot card readers are deliberately charging high prices because they provide services for superstitious clients.