In 2007, the public debt was
a. roughly $500 million
b. nearly $1 trillion
c. nearly $3 trillion
d. $9 trillion
e. over $25 trillion
D
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Suppose output is $35 billion, government purchases are $10 billion, desired consumption is $15 billion, and desired investment is $6 billion. Net foreign lending would be equal to
A) -$4 billion. B) -$2 billion. C) $2 billion. D) $4 billion.
Consumers who place a high value on a good are better off with pricing in the following order: 1)________; 2)________; 3)________
A) competitive market; perfect price discrimination; single-price monopoly B) competitive market; single-price monopoly; perfect price discrimination C) single-price monopoly; competitive market; perfect price discrimination D) Unable to determine.
The graph above shows the market for a product where S1 is the original supply curve and S2 is the new supply curve following a tax on producers to reduce pollution. The tax per unit of output is:
A. BG. B. AJ. C. AB. D. AC.
Refer to the information provided in Figure 31.2 below to answer the question(s) that follow.
Figure 31.2Refer to Figure 31.2. An economy that chooses to be at Point ________ can achieve higher economic growth rate in the future.
A. A B. B C. C D. D