Mitt Romney argued in a debate with President Obama that the economy had grown more slowly in each year of the President's term than in the year prior to Obama's presidency. This claim is most related to the field of:
A. financial economics.
B. macroeconomics.
C. microeconomics.
D. public policy.
Answer: B
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Nobody needs soda. So why do people drink it?
A) They deny the data and believe they really do need soda. B) The expected additional benefits of another soda outweigh the additional costs. C) There are no substitutes for soda. D) Soda is a good for the people who consume it, and therefore they will drink it at any price.
Which of the following government provisions would help increase the accumulation of knowledge capital?
A) education subsidies B) patents C) copyrights D) All of the above are correct.
In the period 1980-92, United States net national saving fell due to
A) large budget deficits and an increase in private saving. B) small budget deficits and a decrease in private saving. C) small budget deficits and an increase in private saving. D) large budget deficits and a decrease in private saving.
In economics, the term "investment" refers to the purchase of stocks and bonds.
Answer the following statement true (T) or false (F)