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True or False.  Future budget deficits are predicted due to the aging population expense its affect on decreased payroll taxes and social security and medicare taxes collection.

Most real-world choices aren’t about getting all of one thing or another, instead, most choices involve _________________, which involves comparing the benefits and costs of choosing a little more or a little less of a good.

Which tool will the Fed use to decrease the money supply and deal with a problem of inflation?  Mark all that apply.

Externalities are a type of market failure because:

Which tool will the Fed use to decrease the money supply and deal with a problem of inflation?  Mark all that apply.

True or False.  State and local government spending has remained relatively stable over the last four decades. 

The unemployment rate is understated due to:

True or False. Public policies to assist the unemployed as it relates to the supply side of the labor market affect how eager people are to find work

Externalities are a type of market failure because:

True or False.  State and local government spending has remained relatively stable over the last four decades.