A productive project is one that generates
What will be an ideal response?
benefits that are greater than the costs of the project.
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Which of the following is not a result of a reduction in the federal budget deficit?
A) a higher real interest rate B) a depreciation of the currency C) a rise in exports D) a rise in the price of foreign inputs
Rhode Island has enacted a substantial increase in the tax on employers that finances the workman's compensation system. For some employers, the tax is about $25 per $100 paid in wages. Employers claim they cannot afford to pay the tax. Under which of the following conditions will the actual burden of the tax fall on employers?
a. The employers' demand for labor is perfectly elastic. b. The supply of labor is perfectly inelastic. c. The employers' demand for labor is perfectly inelastic. d. The demand for the good they produce must be perfectly inelastic.
consumer surplus
What will be an ideal response?
In recessions, we expect to run federal budget ___ bc govt spending will be ____ tax revenues.
a. balances; equal to b. surpluses; greater than c. surpluses; smaller than d. deficits; greater than e. deficits; smaller than