A government that currently has a budget deficit can balance its budget by...
What will be an ideal response?
increasing tax revenues by more than it increases expenditures
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Which of the following is likely to lead to an increase in the quantity supplied of steel?
A) An expected increase in the demand for steel in the future B) A rise in the market price of steel C) A fall in the wage rate of labor employed in the steel industry D) An increase in the productivity of capital due to technological innovation
Diversification is:
A. the process by which risks are shared among many different assets or people. B. making a market more liquid by being always ready to buy or sell an asset. C. the interest rate at which one would lend if there were no risk of default. D. when a borrower fails to pay back a loan according to the agreed-upon terms.
A person who works 25 hours per week: a. is considered to be a discouraged worker. b. is considered to be unemployed
c. is considered to part of the labor force. d. none of the above
The phrase "spreading the overhead" refers to
A. the decrease in total cost that occurs as a firm reduces the size of its work force. B. the decrease in average fixed cost that occurs as a firm increases its output. C. the decrease in average variable cost that occurs as a firm increases its output. D. the decrease in total fixed cost that occurs as a firm increases its output.