What is the relationship between the government's budget deficit and its tax revenue?
a. Budget deficit = government spending + tax revenue
b. Budget deficit = government spending - tax revenue
c. Government spending = budget deficit / tax revenue
d. Tax revenue = government spending + budget deficit
e. Budget deficit = tax revenue - government spending
B
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Use the figure below to answer the following question. 
The case of substitute goods is represented by figure
A. 1. B. 2. C. 3. D. 4.
Explain why a monopoly that knows the demand curve of identical consumers can set a two-part tariff with the lump sum tariff equal to the total amount of potential consumer surplus
What will be an ideal response?
If the nominal interest rate is 5 percent and there is no inflation, then the real interest rate:
A. exceeds 5 percent. B. is less than 5 percent. C. is 5 percent. D. is zero.
When the marginal cost curve of the monopolist shifts upward, there will be
A. an increase in both price and quantity. B. a decrease in price and in marginal revenue. C. a decrease in quantity and a decrease in marginal revenue. D. an increase in price but a decrease in quantity.