A government runs a deficit when its government revenues exceed expenditures
Indicate whether the statement is true or false
False (It runs a surplus.)
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The figure above shows the market for college education in the United States. The efficient quantity of college education is ________ students per year
A) 10 million B) 12 million C) 17 million D) 18 million E) 14 million
If the marginal cost curve is below the average variable cost curve, then
A) average variable cost is increasing. B) marginal cost must be decreasing. C) average variable cost could either be increasing or decreasing. D) average variable cost is decreasing.
Which of the following is a surplus item in the U.S. current account?
A) The U.S. government reduces the tariff rates on some imported goods. B) IBM pays dividends to British shareholders. C) Finn vodka becomes more popular in the United States. D) The U.S. government cuts back on military personnel stationed in S. Korea.
Which of the following types of relationships between a dependent variable y and an independent variable x is represented by a population regression line that resembles a horizontal line?
a. No linear relationship between the mean value of y and x b. A negative linear relationship between the mean value of y and x c. A positive linear relationship between the mean value of y and x d. A normal relationship between the mean value of y and x