Which of the following has NOT been proposed as a possible economic solution to reducing the government deficit?
A) increasing taxes for everyone B) reducing expenditures
C) increasing the number of entitlements D) increasing taxes for the rich
C
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All of the following are characteristics of a chicken game except
A) each player has a tough strategy and a weak strategy. B) coordination occurs when both players either play their tough strategies or both players play their weak strategies. C) each player prefers the Nash equilibrium corresponding to his or her tough strategy. D) each player prefers a different Nash equilibrium.
Which of the following statements is true?
a. Foreigners owned $16.30 in U.S. assets b. U.S. residents owned $13.8 trillion in foreign assets c. U.S. residents owned $2.5 trillion more assets in the United States than foreigners owned abroad d. Foreign purchases of assets in the U.S. subtract from America's productive capacity e. Income from foreign-owned assets in the U.S. flows to Americans