Over the years, U.S. government spending has ________
A) increased but government revenue has decreased
B) decreased but government revenue has increased
C) decreased and government revenue has also decreased
D) increased and government revenue has also increased
D
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The amount of interest owed on a loan of $75,000 after a year at an interest rate of 1 percent is:
A. $7,500. B. $75,750. C. $82,500. D. None of these is true.
Price elasticity of demand is defined as
a. the percentage change in price divided by the percentage change in quantity demanded b. the percentage change in quantity demanded divided by the percentage change in price c. the change in quantity demanded divided by the change in price d. the change in price divided by the change in quantity demanded e. the quantity demanded divided by the price
The contributive standard (merit standard) for distributing income implies that
A) income should be distributed equally. B) income should be distributed according to need. C) income should be distributed according to the marginal productivity of workers. D) a transfer should be contributed to an individual above his or her contribution to net output.
By the 2000s, an important market change occurred when investment banks became significant participants in the secondary market for
A) mortgages. B) Treasury securities. C) corporate bonds. D) currency.