The three possible sources of government funding include
A) explicit fees, taxes, and borrowing.
B) international income, personal income taxes, and export taxes.
C) foreign aid, revenues, and implicit fees.
D) None of the above are correct.
A
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The table above shows the short-run product schedule for Virginia's Tee-Shirts. What is the marginal product associated with the hiring the fifth worker?
A) 30 shirts B) 50 shirts C) 235 shirts D) 250 shirts
Why would a bumper crop be bad news for farmers?
A. Their crop has an inelastic demand and the resulting drop in price reduces their total revenue. B. Their crop has an elastic demand and the resulting drop in price reduces their total revenue. C. Their crop has an inelastic demand and the resulting drop in price raises their total revenue. D. Their crop has an elastic demand and the resulting drop in price raises their total revenue.
The quantity theory of money assumes the velocity of money is constant.
Answer the following statement true (T) or false (F)
The horizontal sum of marginal cost curves (above AVC) of all the firms in an industry is the short-run industry supply curve.
Answer the following statement true (T) or false (F)