The federal government employs more civilians than state and local governments
a. True
b. False
Indicate whether the statement is true or false
False
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Which theory suggested that comparative advantage arises from differences in national factor endowments?
a. Mercantilism b. Heckscher-Ohlin c. Absolute Advantage d. Comparative Advantage
High skilled labor and information technology are ________ while low skilled labor and information technology are ________
A) complements; substitutes B) substitutes; substitutes C) substitutes; complements D) complements; complements
For a person earning $15,000, the marginal tax amount from 10,001 to $15,000 is:
A. $500
B. $750
C. $1,750
D. $2,000
As of 2008, approximately what fraction of U.S. GDP does government purchases now represent?
a. One-half b. Three-quarters c. None; it is not included in GDP d. Two-thirds e. One-fifth