Costs should always be evaluated before determining benefits.

A. True
B. False
C. Uncertain


B. False

Economics

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When tax revenues minus outlays is i. positive, the government has a budget surplus. ii. negative, the government has a budget deficit. iii. zero, the government has a balanced budget

A) i, ii, and iii B) i and ii only C) ii and iii only D) i only E) iii only

Economics

Oligopolists merge to ________

A) increase market supply B) increase market demand C) increase market power D) reduce prices

Economics

A major advantage of the corporation is

A. limited taxes. B. preferential treatment by state governments. C. limited liability of individual owners. D. limited numbers of owners and ease of decision making.

Economics

The Uruguay round of GATT (1993 ) talks

A) reduced trade barriers and tariffs. B) increased trade barriers and tariffs. C) lowered some trade barriers but increased tariffs. D) left tariffs and trade barriers unchanged.

Economics