A) Freedom of collusion.
B) Freedom from taxation.
C) The right to vote.
D) The right to compete.
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True/False
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True/False
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True/False
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True/False
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True/False
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Multiple Choice
A) The federal government violates the law by running deficits because the U.S.Constitution requires the government to balance its budget each year.
B) Although the government used to run big deficits,it has consistently run surpluses since the late 1980s.
C) The government has used deficit spending to lower the national debt.
D) One reason the government has a hard time reducing deficits is that there is a great deal of pressure on the government to expand its spending each year.
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Multiple Choice
A) fiscal policy.
B) incomes policy
C) monetary policy
D) securities policy.
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True/False
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Multiple Choice
A) Reliance on the forces of supply and demand to determine what is produced.
B) Reliance on the government to determine what is produced and who gets the output.
C) An extremely rapid rate of economic growth.
D) Freedom of choice and freedom of competition.
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True/False
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Multiple Choice
A) Macroeconomics
B) Finite economics
C) Microeconomics
D) Nanoeconomics
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True/False
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True/False
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True/False
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True/False
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Multiple Choice
A) Perfect competition
B) Monopolistic competition
C) Oligopoly
D) A monopoly
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True/False
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