Total taxes minus transfer payments minus government interest payments is called:
A. a budget surplus.
B. a budget deficit.
C. national saving.
D. net taxes.
Answer: D
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The following have strengthened individual control over private property: taxation, zoning, land-use restrictions and eminent domain law
Indicate whether the statement is true or false
The most responsive to interest rate changes is the _______ demand for money.
A. transactions B. precautionary C. speculative
Suppose you are deciding whether or not to increase production. You are currently making a profit. If you produce one more unit, your increase in cost will be $10, your average variable costs will increase to less than that, and your average fixed costs will decrease. Finally, your average revenue will increase to $10, but your increase in revenue will be $10. You should
A. increase production by exactly 1 unit. B. increase production by at least 1 unit. C. leave production unchanged because profit is maximized where you are. D. redo the math associated with decreasing production because that may result in greater profit.
Refer to the information provided in Figure 33.1 below to answer the question(s) that follow.
Figure 33.1Refer to Figure 33.1. Canada has ________ advantage in the production of soybeans and ________ advantage in the production of alfalfa.
A. a comparative; an absolute B. a comparative; neither a comparative nor absolute C. an absolute; a comparative D. neither a comparative nor absolute; neither a comparative nor absolute