Which of the following statements about the budget deficit is TRUE?
A) It is equal to the public debt. B) It is a stock variable.
C) It is a flow variable. D) none of the above
C
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If voters are rationally ignorant, then the interest of the bureaucracy to maximize its budget will result in an oversupply of a public good
Indicate whether the statement is true or false
In economics, the meaning of demand refers to
A) how badly someone wants a good. B) the quantities of a good that people will buy at various prices. C) the quantities of a good that people will sell at various prices. D) the total satisfaction that consuming a good provides people at different prices.
If New York City imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would
a. be an excise tax. b. be an income tax. c. reduce tax revenue. d. cause the supply of corn to rise.
Which of the following statements is most correct?
A. Financial intermediaries are banks. B. A bank is a financial intermediary. C. Financial intermediaries are essential to direct finance. D. Financial intermediaries are insurance companies.