When Italy buys Boeing jets, the price Italy pays is ________ if it produced its own jets and the price Boeing receives is ________ than it could receive from an additional U.S. buyer
A) lower than; lower
B) higher than; higher
C) lower than; higher
D) higher than; lower
E) the same as; higher
C
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The demand for loanable funds has a ________ slope because the lower the interest rate, the ________ number of investment projects are profitable, and the ________ the quantity of loanable funds demanded
A) negative; greater; greater B) negative; lesser; greater C) negative; greater; lesser D) positive; lesser; lesser
Many governments end up with chronic budget deficits because:
A. Many government programs are popular with voters, but hardly any voter likes paying taxes B. The nation simply cannot produce everything that it consumes, so it has to rely on others C. Some resources are not available from within, so they would have to be bought from others D. Businesses do not want to have "big government" around too much