Q: The Constitution of the United States grants to Congress the power of
The Constitution of the United States grants to Congress the power of monetary policy in Article 1, Section 8. Since 1913, Congress has a) jealously guarded this power. b) granted this power to the...
See AnswerQ: In 2015 the national debt was approximately a) $18
In 2015 the national debt was approximately a) $18 million. b) $18 billion. c) $18 trillion. d) $18 quadrillion.
See AnswerQ: The type of mortgage that allows you to make the lowest possible
The type of mortgage that allows you to make the lowest possible payment is called a(n) a) zero-down mortgage. b) traditional constant-payment, 20 percent-down mortgage. c) interest-only mortgage....
See AnswerQ: Which of the following was not likely a contributing factor to the
Which of the following was not likely a contributing factor to the recession of 2007-2009? a) The bursting of the housing bubble b) The 2008 tax rebates c) The failure of major financial service co...
See AnswerQ: In terms of magnitude, which of the following has the greatest
In terms of magnitude, which of the following has the greatest fiscal shortfall? a) State pension funds b) Local pension funds c) Medicare d) Social Security
See AnswerQ: For developed economies, sustained increases in aggregate demand, absent increases
For developed economies, sustained increases in aggregate demand, absent increases in aggregate supply, will result in a) growth for a while, but ultimately it will result in only inflation. b) con...
See AnswerQ: Trade agreements are often necessary because a) free trade is
Trade agreements are often necessary because a) free trade is in no one’s best interest. b) limiting trade is in no one’s best interest. c) limiting trade helps those doing the limiting but typical...
See AnswerQ: When examining the question of tobacco taxes, economists focus almost entirely
When examining the question of tobacco taxes, economists focus almost entirely on a) the cost to cigarette companies of production. b) the cost to cigarette smokers for the cigarettes themselves. c)...
See AnswerQ: The argument that employers would actually not lose money if the minimum
The argument that employers would actually not lose money if the minimum wage were raised is based on a) the idea that workers would spend the extra money buying goods from their employer. b) the i...
See AnswerQ: 1. The notion of “clean enough” is a
1. The notion of “clean enough” is a) appealing to an economist thinking about average benefit and average cost. b) appealing to an economist thinking about marginal benefit and marginal cost. c)...
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