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(03.03 MC)Imagine the federal government has a national debt of $12.6 trillion. Congress’s budget for the coming year includes a spending projection of $5.1 trillion. Tax revenue is expected to be $4.8 billion. Which fiscal policy should Congress adopt to avoid increasing the national debt?

(01.02 MC)Your friend offers you a notebook or a pencil for your french fries. You choose the option that gives you the greatest ________.

(02.01 LC)Which type of market includes the buying and selling of land, labor, and capital resources to suppliers?

(02.01 MC)In this diagram, which statement could be an example for the direction labeled “O”?

(01.06 LC)Which characteristic of money explains why an old dollar is worth as much as a crisp, new dollar?

(02.07 LC)Which of the following is a synonym for “externalities”?

(01.09 MC)You earn $50,000 per year. Your entire income is taxed at the 10 percent federal tax bracket. Which value reflects what you will pay in federal income taxes?

(01.03 LC)The demand for electric bicycles slopes downward. Which of the following will happen if the price of electric bicycles decreases?

(02.04 MC)Which market type is most beneficial for consumers?

(01.09 LC)Which part of a budget is easiest to adjust?