A government budget deficit occurs when government expenditures are:
A. less than government revenues.
B. decreasing and government revenues are decreasing.
C. greater than government revenues.
D. increasing and government revenues are increasing.
Answer: C
You might also like to view...
A game in which both players want to coordinate, but each player prefers coordinating on a different outcome is called
A) an assurance game. B) a pure coordination game. C) a battle of the sexes game. D) a chicken game.
The term "market" refers to trading arrangements by which buyers and sellers come together
Indicate whether the statement is true or false
A weighted output maximization could serve as a reasonable pricing guideline
Indicate whether the statement is true or false
Tom borrows $100,000 from his local bank to purchase inventory for his store for the upcoming holiday season. Tom's neighbor tells him about a get-rich-quick scheme that can take this $100,000 and triple it in a month. Tom decides to buy into this scheme figuring he can repay the bank and still have plenty left for inventory. This is an example of:
A. diversification. B. sound risk analysis on Tom's part. C. moral hazard. D. adverse selection.