A government budget deficit occurs during a budget year when
A) tax revenues > government spending.
B) tax revenues < government spending.
C) tax revenues = government spending.
D) tax revenues + government spending = personal consumption.
B
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Suppose the economy is initially experiencing a short-run recessionary ga
A) lead to a decrease in prices with an increase in real GDP. B) reduce the size of the recessionary ga
A rule of thumb in the employment of resources is to set
A) marginal revenue product (MRP) equal to marginal factor cost (MFC). B) marginal revenue (MR) equal to marginal cost (MC). C) marginal physical product equal to marginal resource cost. D) none of the above.
Which of the following statements about normative analysis is correct?
A. Normative analysis is concerned with what is. B. Normative analysis is concerned with what ought to be. C. Normative analysis should not involve value judgments. D. Normative analysis measures the costs and benefits of different courses of action.
Refer to the data provided in Table 11.3 below to answer the following question(s). Table 11.3ProjectTotal InvestmentExpected Rate of Return(dollars) (percentage)New computer for sales staff $250,00011Remodel for distribution center$200,000 9On-site day care center $100,000 5Employee fitness center$50,000 4Refer to Table 11.3. If the interest rate is 12.5%, Blackstar Drone Manufacturing's total investment would be
A. $0. B. $50,000. C. $250,000. D. $550,000.