In the 1980s and most of the 1990s, the federal government
A) ran small deficits. B) ran small surpluses.
C) ran large deficits. D) was balanced.
C
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A hypothesis is
a. an assumption about behavior b. a prediction of what will occur given certain assumptions c. a prediction of what will occur regardless of assumptions d. a forecast of future events e. useful only if the assumptions are realistic
A movement upward and to the left along a given demand curve is called a decrease in demand
a. True b. False Indicate whether the statement is true or false
If marginal cost is increasing, average variable cost must also be increasing.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point A. The opportunity cost of moving from Point A to Point B is the
A. 30 LCD televisions that must be forgone to produce 60 additional OLED televisions. B. 90 LCD televisions that must be forgone to produce 20 additional OLED televisions. C. 30 LCD televisions that must be forgone to produce 20 additional OLED televisions. D. 120 LCD televisions that must be forgone to produce 40 additional OLED televisions.