It is difficult to balance the budget every year because:
A. political battles often cause blatant deficit spending that could be avoided.
B. while economic downturns are easy to predict, booms are not.
C. it is hard to get agreement on how to spend discretionary funds.
D. it is unlikely that revenues will exactly equal planned expenditures in any given year.
D. it is unlikely that revenues will exactly equal planned expenditures in any given year.
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Which of the following is NOT one of the three primary sources of private investment funds flowing into developing nations?
A) portfolio investment B) bank loans C) World Bank and IMF loans D) foreign direct investment
What famous economist said that the market economy seemed to be controlled by an invisible hand?
a. Alfred Marshall. b. Adam Smith. c. Karl Marx. d. Robert L. Heilbroner.
In the United States, the average level of educational attainment is approximately a
a. primary education. b. secondary education. c. higher education. d. graduate-level education.
Use the Aggregate Supply - Aggregate Demand model to determine which of the following will lead to higher aggregate output.
A. A tax increase B. A spike in world oil prices C. A cut in interest rates D. A cut in government spending