Author Question: If the federal government were to run a budget deficit, this would: a. increase the size of the ... (Read 111 times)

luvbio · **on:** Jun 30, 2018

If the federal government were to run a budget deficit, this would:
a. increase the size of the national debt.
b. reduce the size of the national debt.
c. leave the size of the national debt unchanged.
d. increase the national debt only if the government also expands the supply of money.

Question 2

More productive workers receive higher wages than less productive workers. This observation is a major flaw in which of the following arguments for protectionism?
a. The infant industry argument. b. The national security argument.
c. The employment argument. d. The cheap foreign labor argument.