Which of the following is most sensitive to fluctuations in GDP?
a. government purchases
b. government nonmilitary spending
c. transfer payments
d. military spending
e. interest on the national debt
C
Economics
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When a nation's currency suddenly loses value, the ________ may step in to buy the afflicted currency
A) World Bank B) International Monetary Fund C) Federal Reserve Bank D) United Nations
Economics
Which of the following is an example of opportunity cost?
a. The Chinese food that you give up when you choose to eat Italian food. b. The tuition that you pay to attend college. c. For a professor of economics, the pleasure that he or she derives from teaching economics. d. Sweets given up by a person who would never eat them even if he or she could. e. The price paid for a ticket when you go for a movie.
Economics