As a percentage of GDP, the national debt consistently
A. fell from 1950 until 1990.
B. rose from 1950 to 1960, but not thereafter.
C. rose from 1975 to 1995.
D. rose from 1950 to 1975.
Answer: C
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Our persistent war on poverty has successfully destroyed the poverty trap
Indicate whether the statement is true or false
The current international monetary system is best described as a
A) fixed exchange rate system. B) flexible exchange rate system. C) managed flexible exchange rate system. D) dollar standard. E) gold standard.
Which of the following would cause the quantity of wheat bread demanded to increase, but not the demand for wheat?
a. a reduction in the price of rye, used to produce rye bread b. a new scientific study demonstrating that wheat bread reduces the risk of colon cancer c. a decrease in the price of rye bread d. an increase in the number of farmers growing wheat
Some good did come from the internet bubble of the late 1990s. One good thing was that:
A. people learned they should not invest in dotcom companies. B. the theory of efficient markets doesn't always hold and consistently better-than-market returns are achievable. C. start-up companies found they could bypass venture capitalists and raise funds directly from the capital markets. D. stock market bubbles do not have to result in an inefficient allocation of resources.