In the U.S., the Federal government runs a chronic budget deficit, whereas many state and local governments do not, because:
A. Many state and local governments have balanced-budget laws that make deficits illegal, while the Federal government does not
B. Voters in Federal elections tend to favor budget deficits, while voters in state and local elections do not
C. Many state and local governments face stricter accounting standards than the Federal government does
D. Elections at the state and local levels tend to occur more frequently than at the Federal level
A. Many state and local governments have balanced-budget laws that make deficits illegal, while the Federal government does not
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Refer to the figure above. How many chairs were imported by Lithasia before the tariff was imposed by the government?
A) 25 units B) 50 units C) 55 units D) 60 units
When a business is set up as a sole proprietorship, the owner of the business faces limited liability
Indicate whether the statement is true or false
One disadvantage of a fixed exchange rate system compared to a floating or managed float exchange rate system is
A) it more difficult for central banks to control inflation. B) it does not allow for government intervention. C) it can worsen inflation if domestic prices of imports rise quickly. D) it eliminates the possibility of depreciation during a recession.
If a pair-wise majority vote was held and the voters' preferences are shown in the table, assuming transportation and the zoo was the first pair to be voted on, which option would win overall?
A. Public transportation
B. Public parks
C. Public zoo
D. Public parks and zoo.