Which of the following is likely to push the federal debt increasingly higher in the coming decades?
a. a strong rebound from the recession of 2008-2009
b. increased expenditures on the Social Security and Medicare programs
c. an increase in tax revenues as the baby boom generation retires
d. increased political pressure to balance federal budgets
B
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Refer to the table below. What long-run capacity of resort units should Gorgeous Sands Resort select?
The table above summarizes Gorgeous Sands Resort's marginal capacity cost, marginal operating cost, peak marginal revenue, off-peak marginal revenue, and its peak and off-peak demand for its resort units.
A) 250
B) 300
C) 350
D) 200
Which of the following percentages is closest to the long-run average growth rate for the U.S.? a. 15 percent. b. 10 percent. c. 5 percent
d. 3 percent.
The national defense argument has been used in the past to justify trade restrictions by firms in the peanut industry and the pottery industry
Indicate whether the statement is true or false
The success of a cartel rests upon
A) inducing all members to limit their combined output and charge the same price. B) inducing all members to differentiate their products and charge different prices. C) making exit from the cartel as nearly costless as possible. D) discouraging some firms in the market from joining.