The structural deficit does not depend on the state of the economy.
Answer the following statement true (T) or false (F)
True
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Suppose you are told that the equilibrium price of gasoline has increased, while the equilibrium quantity of gasoline has fallen. You are also told that either the demand changed or supply changed, but not both
Which of the following must have occurred? A) Demand increased. B) Demand decreased. C) Supply increased. D) Supply decreased.
If the tea harvest is bad in a particular year, what will happen in the market for coffee?
a. increased price and decreased quantity b. increased price and increased quantity c. decreased price and increased quantity d. decreased price and decreased quantity e. no change in equilibrium price and quantity
Consider two people, Sandy Ross, who earns $25,000 . and Gary Belcher, who earns $50,000 . If the flat-tax rate is 20 percent, then:
a. the government collects a total of $20,000. b. Gary pays twice the tax amount Sandy pays. c. Gary pays three times the tax amount Sandy pays. d. Gary and Sandy pay exactly the same tax amount. e. Gary pays $15,000 in taxes.
If performance evaluation of work is used to change wages, raises, bonuses, or dismissals, then the system is designed to:
A. determine rewards and sanctions for the employee. B. provide the employee with a system of self-assessment. C. reduce risk-taking on the part of the employee. D. indicate when training is required.