In the United States for the year 2014, the federal government had a ________ so the national debt was ________
A) budget deficit; increasing
B) balanced budget; not changing
C) budget surplus; decreasing
D) budget deficit; decreasing
E) budget surplus; increasing
A
You might also like to view...
Which of the following is true of the federal funds rate?
a. It is the interest rate that one bank charges another for overnight lending. b. It is the interest rate that the Federal Reserve Bank charges commercial banks for borrowing money. c. It is the interest rate you earn in your saving account. d. It is the interest rate the bank charges business firms for borrowing money. e. It is the interest rate that a domestic bank charges a foreign bank for borrowing money.
Paul Bergeron and Virginia Clacey each own a 100-acre soybean farm in Soyburg, Illinois. Together they grow 1/1,000th of 1 percent of the nation's soybeans. When they merge, it will
a. raise the price of soybeans in the U.S. b. be a vertical merger c. reduce competition in the soy market d. increase the market power of Paul and Virginia e. probably go unnoticed outside of Soyburg
When profits occur in a competitive market, this indicates that
a. consumers value the goods more than the resources used to produce them. b. producers value the goods more than the resources used to produce them. c. producers value the goods more than consumers value the goods. d. consumers value the goods less than the resources used to produce them.
For any company operating in a marketplace, the firm attempts to maximize the value of the company's worth by setting the output where
A. costs are lowest. B. MR = MC. C. P < AVC. D. AR = MC.