Refer to Figure 7-1. At the efficient equilibrium
A) economic surplus is maximized. B) economic surplus is zero.
C) economic surplus is negative. D) economic surplus is minimized.
A
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In Figure 3-2, at point B
A. it is impossible to increase production of consumer goods. B. it is impossible to increase production of capital goods. C. it is possible to increase production of both capital goods and consumer goods simultaneously. D. it is impossible to increase production of both capital goods and consumer goods simultaneously.
During the Great Depression, what appeared to be ________ fiscal policy was actually not when the ________ budget deficit or surplus is examined
A) expansionary; cyclically adjusted B) contractionary; actual C) expansionary; actual D) contractionary; cyclically adjusted
Ida May Fuller was the first person to:
A. receive Social Security payments for over 20 years. B. petition Congress for indexing Social Security payments. C. receive a Social Security check. D. have her Social Security check adjusted for inflation.
Over time, the U.S. current account balance has primarily reflected
A. the extent of U.S. investment in other countries. B. the U.S. balance of trade. C. transfers of money home by U.S. citizens working in other countries. D. the volume of U.S. exports.