Most economists would place the costs of a new public transit system in the
A. smart budget.
B. capital budget.
C. operating budget.
D. social budget.
Answer: B
Economics
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Microeconomics includes the study of:
A. a firm's pricing policies. B. inflation. C. business cycles. D. unemployment.
Economics
A firm will shut down in the short run if
A. it is suffering a loss. B. total costs exceed revenues. C. fixed costs exceed revenues. D. variable costs exceed revenues.
Economics
The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
Economics
Governments that steal from their own citizens are known as ________
A) pure democracies B) kleptocracies C) Mugabes D) antediluvians
Economics