To pay back Social Security loans, Congress could do all of the following except
A. Reduce spending on non-Social Security programs.
B. Increase budget deficits.
C. Sell fewer U.S. Treasury bonds.
D. Raise future taxes.
Answer: C
Economics
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Which of the following is NOT usually assumed about the effect of disposable income on aggregate consumer spending?
A) Consumer spending is at a higher level of disposable income. B) At low levels of disposable income, saving may be negative. C) Consumption is always less than disposable income. D) A rise in income leads to a less than proportionate rise in consumption.
Economics
One characteristic of a public good is that it is ____________, which means that it is costly or impossible to prevent someone from using the good.
a. nonrivalrous b. noncooperative c. nonexcludable d. nonpartisan
Economics