Which statement is true?
A. Defense spending as a percent of the federal budget has steadily fallen since 1990.
B. Today we spend as more on defense than the rest of the world combined.
C. The largest federal government purchase is education.
D. State and local government spending has been declining since the mid-1980s.
B. Today we spend as more on defense than the rest of the world combined.
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Although finished goods are scarce, the inputs to produce them are not scarce.
Answer the following statement true (T) or false (F)
Refer to Table 1-6. What is Ivan's marginal benefit if he decides to stay open for six hours instead of five hours?
A) $10 B) $20 C) $30 D) $91.67
Direct relationships are illustrated using upward-sloping lines and curves
a. True b. False Indicate whether the statement is true or false
Explain what effect changes in each of the following variables has on the demand for central bank money: (1 ) the interest rate, i; and (b) real income, Y
What will be an ideal response?