William Julius Wilson believes that the rise of black urban poverty was caused by each of the following except
A. the rise of welfare dependency.
B. racism.
C. the decline of smokestack industries.
D. the exodus from the ghettos of the black middle and working classes.
A. the rise of welfare dependency.
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In calculating GDP, governmental transfer payments, such as Social Security or unemployment compensation, are ________.
A. counted as investment spending. B. counted as consumption spending. C. counted as government spending. D. not counted.
The "crowding-out effect" refers to how a government budget deficit
A) shifts only the supply of loanable funds curve leftward. B) shifts both the demand for and the supply of loanable funds curves leftward. C) increases the equilibrium quantity of investment. D) shifts only the demand for loanable funds curve leftward. E) decreases the equilibrium quantity of investment.
A policy which gains the winners more than the losers lose, in principle, could never result in unanimous approval of the policy.
Answer the following statement true (T) or false (F)
From 1992, America’s trade performance was marked by a(n)
A. reduced current account deficit. B. increased current account deficit. C. reduced capital account surplus. D. increase in the growth of exports.