A country has a growth rate of 3%. Government spending is 60 billion units of currency and its tax revenues are 32 billion units of currency. The current national debt is 400 billion units of currency. At which inflation rate is its debt-to-income ratio unchanged?

Refer to Table 9-11. Prior to trade, what was the opportunity cost to produce 1 clock in Belize?

A) 1/2 of a hat B) 2/3 of a hat C) 1.5 hats D) 2 hats

Although the McNary-Haugen bill never became law, it was widely discussed during the 1920s. Which of the following was NOT a provision of the bill?

a. government purchase of crops in order to raise agricultural prices b. government sale of excess crops on the world market c. payment for the program through capital gains taxes on business d. high tariffs on agricultural imports e. All of the above were provisions of the McNary-Haugen Bill.