When does a government run a budget surplus?
What will be an ideal response?
When the government's tax revenues exceed its spending in a time period (for example, a year), the government is said to be running a budget surplus.
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Which of the following equations represent Taylor Rule?
A) rFF = rFF* - a(p – p*) - b B) rFF = rFF* + a(p – p*) + b C) rFF = rFF* - a(p – p*) + b D) rFF = rFF* + a(p + p*) + b
An import quota is a limit on the
A) number of foreign workers allowed to work in a country. B) number of container ships allowed to enter the territorial waters of the United States. C) value of low-priced foreign goods that are allowed to be imported into the United States. D) amount of a product that may be imported.
Microsoft is accused of which anticompetitive practice?
A. Interlocking directorates B. Illegal “bundling” of products C. Exclusive contracts D. Predatory pricing
A shift in the supply curve for gasoline in the United States would result if
A. a 50-cent tax on gasoline was enacted by Congress. B. Congress and the president allowed oil to be drilled in previously restricted areas. C. new methods were discovered for recovering oil from wells previously considered dried up. D. All of the choices are true.