A budget surplus means that:
A. government expenditures are falling and government revenues are rising.
B. government expenditures are greater than revenues in a given year.
C. government revenues are greater than expenditures in a given year.
D. government revenues are greater than expenditures throughout time.
Answer: C
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The major coordination tasks can be summarized with the questions
A. who, what, when, where. B. how, what, for whom. C. how, what, why. D. how, why, for whom. E. who, how, what.
Small pizza parlors exist in just about every town. Anyone can open a pizza parlor, and the pizzas from one parlor typically have different tastes and sizes than pizzas from another parlor. Thus, the pizza industry is an example of
A) perfect competition. B) monopoly. C) oligopoly. D) monopolistic competition.
Suppose a poverty program has a basic benefit of $10,000, zero deductions, and a breakeven level of income of $25,000. The marginal tax rate is ________ percent.
A. 0.20 B. 0.08 C. 0.40 D. 2.50
Several adjustments must be made to net domestic product at factor cost in order to calculate GDP. One of these adjustments is adding depreciation. What is depreciation and why must it be added?
What will be an ideal response?