Which of the following owns the largest portion of the U.S. national debt?
A. State and local governments.
B. The federal government.
C. Foreigners.
D. The private sector.
Answer: B
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What are the automatic stabilizers the United States has in place, and how do they function differently from discretionary fiscal policy?
What will be an ideal response?
In a two-country world, an increase in the real interest rate in the domestic economy (relative to the real interest rate in the foreign economy) shifts
A) the domestic AD curve leftward and the domestic SRAS curve rightward. B) the domestic AD curve rightward and the domestic SRAS curve leftward. C) both the domestic AD curve and the domestic SRAS curve rightward. D) both the domestic AD curve and the domestic SRAS curve leftward. E) the domestic AD curve leftward and does not affect the domestic SRAS curve.
Your local grocery store reduces transaction costs to the consumer
A. by providing a system that directs funds from lenders to borrowers. B. by providing a system of justice to enforce contracts. C. by reducing the consumer's need to travel from food producer to food producer (or manufacturer to manufacturer) to purchase the food staples that the consumer desires. D. All of these are correct.
In the United States in 2016, the percentage of people who received health insurance through their employer was about
A) 15%. B) 36%. C) 49%. D) 83%.