The largest spending category for state governments is
A. highway construction.
B. education.
C. border patrol.
D. welfare.
Answer: B
You might also like to view...
A monopoly exists when there is only one producer in an industry, and no close substitutes for the product exist
a. True b. False Indicate whether the statement is true or false
Bond markets allow firms to pursue
a. equity financing. b. debt financing. c. limited growth policies. d. government loans and subsidy programmes
Compute the marginal revenue when the price elasticity of demand is ?0.10.
A. ?3P, meaning marginal revenue is negative and 3 times greater than price. B. ?9P, meaning marginal revenue is negative and 9 times greater than price. C. 3P, meaning marginal revenue is positive and 3 times greater than price. D. 9P, meaning marginal revenue is positive and 9 times greater than price.
The aggregate consumption function is C = 150 + 0.75Yd. If income is $500 and net taxes are zero, consumption equals
A. 275. B. 350. C. 525. D. 650.