Tag: Economics – Others

Which factor is one reason why the aggregate demand curve slopes dowmward?
the paralox of thrift
the interest ralc effect
the substitution effect
the income effect

Many low-income households use Supplemental Nutrition Assistance Program (SNAP) debit cards to purchase household items such as detergents and soups.

Which of the following is an enforcement challenge under the AWA?
Weak penalties for violators
Frequent audits
Excessive criminal prosecutions
Too many inspectors

Economic costs include which set of costs?
Question 14 options:
1) implicit costs
2) explicit costs
3) both explicit costs and implicit costs
4) none of the above

The additional costs of doing business in an unfamiliar environment are described as a(n):
liability of foreignness
social cost
economic embargo
opportunity cost

According to the Nobel Prize winning economist, Milton Friedman, activities designed to increase value to all stakeholders should be undertaken by a firm

The federal debt (also called the public debt) is the accumulated debt of all households, business firms, and non-profit in the country.TrueFalse

When the annual government spending is lower than tax revenues, the government faces
a. budget surplus
b. budget deficit
c. balanced budget
d. budget in equilibrium

Explain how uses of technologies ( such as specific energy sources , DDT, genetic engineering and pollution controls and patterns of economic growth have ?

When President Dwight Eisenhower talked about the cost of one modern heavy bomber versus 30 schools or two electric power plants, he was making a point about