Hyperinflations are associated with governments printing money to finance expenditures

As a percentage of GDP, the federal government expenditure which is expected to increase the most between 2012 and 2042 is

A) Social Security. B) Medicare and Medicaid. C) the net interest on the federal debt. D) national defense.

If Irene can make either four chairs or one table in an hour and Greg can make either three chairs or two tables in an hour then

A) Irene has the absolute advantage in the production of chairs. B) Irene has the comparative advantage in the production of tables. C) Greg has the absolute advantage in the production of chairs. D) Greg has the comparative advantage in the production of chairs.