Most Americans would voluntarily support defense without required taxation.

If an economy keeps increasing its capital stock, then over time its production possibilities curve will:

a. not move. b. shift to the left. c. shift to the right. d. disappear because scarcity ceases to exist. e. demonstrate massive job loss for workers.

Other things being constant, if the U.S. real rate of interest exceeds that of its trading partners, we expect

A) political instability in the United States. B) a worsening of the U.S. balance of payments. C) an appreciation of U.S. currency. D) that a "dirty float" will emerge.