In 2009, output was beneath potential. At the same time, the budget deficit hit a record high of over $1 trillion. If President Obama were to have pursued budget cuts, given the state of the economy, these spending cuts would have:

The expression "getting the most bang for your buck" is an illustration of the

A) total utility/price ratio. B) total utility/marginal utility ratio. C) marginal utility/price ratio. D) marginal utility/total utility ratio.

According to the 2009 hamburger standard, the country with the most overvalued currency relative to the United States dollar was

A. China. B. Norway. C. Australia. D. Japan.