The federal budget experienced surpluses from _____
a. 1998 to 2001
b. 2002 to 2006
c. 1970 to 1973
d. 1991 to 1994
e. 1985 to 1988
a
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The mangers of Healthy Snacks and Healthy Bars are engaged in a strategic interaction in which their interests are aligned, but there is more than one possible equilibrium. All of the following can help the managers determine the equilibrium outcome except which one?
A) an announcement made by either firm regarding their future plans B) bargaining C) a focal point D) the Pareto criterion
When the price level changes, which of the following variables will change and thereby cause a change in the aggregate quantity of goods and services demanded?
a. the real value of wealth b. the interest rate c. the value of currency in the market for foreign exchange d. All of the above are correct.
If the marginal benefits of increasing study time are less than the marginal costs, then
A. study time should be decreased. B. no conclusion about the relative merits of more or less study time is possible. C. there is too little study time. D. study time should be increased. E. study time should be decreased to zero.
As a consequence of the condition of scarcity:
A. there is never enough of anything. B. production has to be centrally planned. C. individuals and communities have to make choices from among alternatives. D. things that are plentiful have relatively high prices.