We may see government supply social work internally rather than through private firms because
a. it is a public good
b. it is difficult to monitor the quantity and quality of social work provided
c. private firms would seek to cover their costs
d. a government bureau would maximize its budget
e. there is a great demand for such services
B
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Refer to Figure 10.3. A positive demand shock accompanied by a decrease in the real interest rate is best represented by ________ in panel (a) and ________ in panel (b)
A) a shift from AE2 to AE3; a movement from point B to point C B) a shift from AE3 to AE2; a shift from IS2 to IS1 C) a shift from AE1 to AE2; a movement from point A to point B D) a shift from AE1 to AE3; a movement from point A to point C
Which statement is false?
A. Looking at our trading pattern with Japan, one might reach the conclusion that we were an economic colony of Japan. B. Until the 1990s, the United States was the prime exporter of consumer electronics products, such as TVs, cameras and DVD players. C. In 1984 U.S. trade deficits first passed the $100 billion mark. D. The last year the U.S. ran a trade surplus was 1975.