There is a government budget surplus if
A) G > T. B) G > TR. C) T - TR > G. D) TR < T.
C
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The figure above illustrates a small country's production possibilities frontier. Moving from point A to point B, the per unit opportunity cost of a tablet is ________ per tablet
A) 2 computers B) 4/3 of a computer C) 100 computers D) 1/2 of a computer E) 1 tablet
If Southwest Airlines borrows $20 million from a bank to finance the renovation of their corporate offices, this is an example of
A) a stock market transaction. B) a bond market transaction. C) direct finance. D) indirect finance.
In the aggregate expenditures model, if aggregate expenditures (AE) are less than GDP, then:
a. inventory is depleted. b. inventory is accumulated. c. inventory is unchanged. d. employment increases.
In comparison to the case of a perfectly competitive home market, the welfare effects of a tariff under a home monopoly are _______, and the deadweight loss for the home monopoly is ________.
a. the same; the same b. higher; lower c. lower; higher d. lower; lower