If the budget deficit were reduced,
a. interest rates and investment would increase.
b. interest rates would increase and investment would decrease.
c. interest rates and investment would decrease.
d. interest rates would decrease and investment would increase.
d
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The solvency of Social Security can be extended if
A. the trust fund invests in private corporate securities. B. the tax rate is reduced. C. the retirement age is reduced. D. the cap on taxable earnings is lowered.
When individuals trade in open markets,
a. Pareto improvements occur b. Pareto improvements cannot occur c. the markets are economically efficient d. the markets are Pareto efficient e. there are barriers to trade
The H1B visa program is designed:
a. to keep out undocumented workers. b. to encourage bright U.S. college students to study abroad. c. to attract scientists and engineers from other nations to help U.S. industry prosper. d. to have a way to force foreign students to go back to their native lands after graduation.
What is the price of cars if this were a closed economy?
A. $14,000/car B. $10,000/car C. $6,000/car D. $8,000/car