Which of the following is a normative question?
A) How often do banks fail?
B) What is the value of a human life?
C) How much does government spending stimulate aggregate output?
D) How do we calculate the total value of activity in an economy?
Question 2
In which decade did the United States begin experiencing large trade deficits?
A) 1960s B) 1990s C) 2000s D) 1970s