Since 1982, the United States has run a current account surplus every year
Indicate whether the statement is true or false
FALSE
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Most state governments finance their budgets through ____, and most local governments finance their budgets through ____.
A. income taxes; property taxes B. property taxes; sales taxes C. sales taxes; property taxes D. income taxes; sales taxes
Which of the following determines the supply side of the market?
a. consumers b. buyers c. sellers d. government officials
What are substitutes in production?
What will be an ideal response?
Insurers try to minimize moral hazard by
a. only selling policies to individuals with high ethical standards. b. requiring advance payments of premiums. c. charging higher premiums to individuals than to groups. d. charging deductibles and coinsurance. e. refusing to sell insurance to individuals with chronic illnesses.