What is the largest category in federal government spending?

A. Social Security
B. national defense
C. income security
D. health


Answer: A

Economics

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The above figure shows Katie's consumption possibilities. The relative price of a restaurant meal is

A) 1 movie ticket. B) 0.25 movie tickets. C) 4 movie tickets. D) 2 movie tickets.

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Assuming that the exchange rate rises by 5 percent, hence, the dollar volume of exports rises by 5 percent, then foreign exchange earnings would

a. remain constant. b. increase by 5 percent. c. actually decrease by 5 percent. d. increase by 10 percent.

Economics

In the short run, an unanticipated cut in the rate of inflation would

A) increase the unemployment rate. B) decrease the unemployment rate. C) unambiguously improve the misery index. D) lower the natural rate of unemployment.

Economics

Oligopolies exist only in industries that produce large durable goods such as automobiles and refrigerators

Indicate whether the statement is true or false

Economics