A White House proposal to increase infrastructure spending on roads, rail lines and runways is an example of:

A. expansionary fiscal policy.
B. contractionary fiscal policy.
C. automatic stabilization.
D. insourcing policies.


Answer: A

Economics

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Excessive fishing occurs because

a. each individual fisherman has little incentive to maintain the species for the next year. b. fishermen rely on government managers to worry about fish populations. c. fishermen are unionized, so they are not concerned with externalities. d. fishermen have other marketable skills and do not fear exploitation of fish reserves.

Economics

Refer to the accompanying figure. Suppose the solid line represents the current supply of Star Wars action figures. If retailers learn that a new Star Wars movie will be released in several months, this news is likely to cause:

A. neither a change in supply nor a change in quantity supplied since only future demand will change. B. a decrease in the quantity supplied, but no change in current supply. C. current supply to shift to S(B) in anticipation of higher future prices. D. current supply to shift to S(A) in anticipation of higher future prices.

Economics

A change in the cost of _______________can cause a change in supply

Fill in the blank(s) with the appropriate word(s).

Economics

Which country has the highest per capita health care expenditures in the world?

A) Canada
B) France
C) United States
D) Japan

Economics