A federal government deficit is said to exist in the event that ________
A) federal outlays are less than federal revenues
B) federal outlays are equal to federal revenues
C) federal outlays are greater than federal revenues
D) any of the above conditions exists
C
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Positive economics can tell us which policies are efficient and which are not.
Answer the following statement true (T) or false (F)
Suppose you make a $5,000 investment that will return $3,000 in year 2 and another $3,500 in year 4. With an interest rate of 4.5%, what is the NPV of this project?
A. $247.34 B. $682.16 C. $1,500.00 D. $2,162.50
Money functioning as a medium of exchange results in an increase in transactions costs
a. True b. False Indicate whether the statement is true or false
Direct controls on polluting activity
a. have never been tried as an instrument of environmental policy. b. have been the chief instrument of environmental policy. c. have been rejected as a tool of environmental policy. d. are the tool of future environmental policy, based on 1993 legislation.