Closing an inflationary gap involves the creation of a surplus budget where tax revenues exceed government spending
Indicate whether the statement is true or false
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Based on the above figure, if countries "A" and "B" faced the production possibilities curves above, both countries would benefit if
A) they did not trade. B) "A" produced industrial goods, and "B" produced agricultural goods. C) "B" produced industrial goods, and "A" produced agricultural goods. D) they both produced both industrial and agricultural goods.
What is the official definition of the poverty line? What are some causes of poverty?
If parties to a contract can anticipate the court's decision in the event of a dispute with some degree of certainty:
a. opportunistic behavior will never be detected. b. opportunistic behavior will be partially detected. c. there will be less room for opportunism. d. only one of the parties will be able to act opportunistically.
If the economy grows, the government's budget position should automatically:
a) Worsen b) Improve c) Stay the same d) Decrease with inflation