If the state of Washington's government collects $75 billion in tax revenues in 2013 and total spending in the same year is $74.8 billion, the result will be a:
a. a decrease in the payroll tax
b. budget surplus
c. an increase in spending
d. budget deficit
Answer: b. budget surplus.
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Which of the following conditions could lead to an inefficient quantity of pretzels being produced?
A) the existence of many producers of pretzels B) the existence of many consumers of pretzels C) the existence of a single producer and seller of pretzels D) All of the above conditions could cause the actual quantity of pretzels to be an inefficient quantity.
Tory applies for a line of credit which she intends to use for a once in-a-lifetime dream vacation. This transaction is subject to
a. no federal law. b. the Consumer Leasing Act. c. the Consumer Product Safety Act. d. the Truth-in-Lending Act
A reliable indicator of a healthy economy is a stable currency
a. True b. False
Total profit
A. is the rectangle bounded by EFIJ.
B. is the rectangle bounded by FGHI.
C. is the rectangle bounded by GHMO.
D. cannot be found on this graph.