Federal government consumption expenditures as a percentage of GDP increased the most during the
A. George W. Bush administrations.
B. Bill Clinton administrations.
C. Barack Obama administrations.
D. Consumption expenditures decreased during all of the above administrations.
Answer: A
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The short run in macroeconomics is the period in which
A) prices change significantly. B) the demand curve is vertical. C) no contracts or agreements exist to fix prices. D) demand determines output.
The short-run supply curve of a competitive firm is the portion of:
A) its average cost curve that lies above its marginal cost curve. B) its average cost curve that lies below its marginal cost curve. C) its marginal cost curve that lies above its average variable cost curve. D) its marginal cost curve that lies below its average cost curve.
Transforming the tax base of an income tax by subtracting savings has the advantage that _____
a. a progressive rate structure can be applied to a consumption tax b. all income can be taxed at a flat rate c. it double taxes income d. it guarantees progressivity
Foreign direct investment is when:
A. a firm runs part of its operation abroad or invests in another company abroad. B. investors buy foreign financial assets like stocks, bonds, or government securities. C. investment is funded by foreign sources but operated domestically. D. when a foreign government directly invests into a firm.