In the above table, the trade balance on goods and services for Country X is ________ billion dollars
A) +25
B) -100
C) +100
D) -25
D
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The time it takes to formulate a policy is known as
A) inside lags. B) crowding out. C) outside lags. D) fiscal policy.
Alison consumes only tea and cookies and consumes them only in equal proportions. What is Alison's income elasticity of demand for tea?
What will be an ideal response?
The U.S. federal government relies more heavily on ____ than any other government
a. excise taxes b. sales taxes c. customs duties d. income-based taxes
If a society is operating on its production possibilities frontier, and then decides to produce less health care,
a. its standard of living will fall b. its standard of living will improve c. some of its resources will become unemployed d. it will be able to produce more of some other good or service e. the opportunity cost of producing health care will rise