When does the fiscal year begin for the U.S. federal government?
a. January 1
b. April 1
c. July 1
d. October 1
d. October 1
You might also like to view...
If the costs of coordination and enforcement are _______________ the surplus lost to the externality, then ________________.
A. higher than; a private solution will not work B. lower than; a private solution will not work C. higher than; a private solution will work D. None of these statements is true.
What do most economists think is the most accurate statement about velocity?
a. It is fairly constant in the short run, but varies considerably in the long run, complicating predictions about nominal GDP. b. M1 velocity is more stable in the short run than M2 velocity, and it has been a superior tool in predicting changes in nominal GDP. c. It is not constant in the short run, and predictions about nominal GDP have not fared well. d. M2 velocity has been less stable than M1 velocity, but both are reliable enough to make accurate predictions about changes in nominal GDP.
Compared to the outcome when the firms are price takers, competitive price-searcher markets will result in
a. a wider variety of products and higher prices. b. less product variety and higher prices. c. a wider variety of products and lower prices. d. less product variety and lower prices.
Among the methods of nonprice rationing are
A. waiting in line. B. coupons. C. favored customers. D. all of the above