Off-budget expenditures:
What will be an ideal response?
governmentfunded programs that
are exempted from the normal budgeting process because
the taxes that fund them cannot be used for budgetary items
that are subject to congressional
appropriations
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If a firm supplies 200 units at a price of $50 and 100 units at a price of $40, using the midpoint method, what is the price elasticity of supply?
A) 0.33 B) 1.00 C) 3.00 D) 5.00 E) 8.50
In the long run, the entry of new firms into a competitive market is typically caused by
a. government regulation b. technological innovation c. inflation d. economic losses e. economic profit
Higher interest rates in Iceland and the Baltic states in 2008-2009 were necessary to protect the value of their currencies against capital flight
a. True b. False Indicate whether the statement is true or false
If a Cournot duopolist announced that it will double its output,
A) it becomes the leader. B) the other firm does not view the announcement as credible. C) the other firm will shut down. D) the other firm will double output also.