Most U.S. government spending is financed by
A. an expansion of the money supply.
B. taxes.
C. government securities.
D. transfer payments.
E. loans from foreign countries.
B. taxes.
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Suppose a monopoly produces film and cameras. Consumers demand pictures, which require film and one camera
Two different types of consumers have the following demand for film, qA = 100 - 10p and qB = 80 - 10p. The monopoly cannot price discriminate in the market for film or the market for cameras, but it can bundle the products. The monopoly produces film at a constant marginal cost of $1 per roll. What price will the monopoly set for film and for cameras?
In an efficient market, deadweight loss is ____.
A. maximum. B. minimum. C. constant. D. zero.
Exhibit 8-12 Marginal revenue and cost per unit curves
As shown in Exhibit 8-12, the price that will yield zero economic profit is:
A. OA. B. OB. C. OC. D. OD.
The sum of the current account, the capital account, and the official reserve transaction account is
A) always positive. B) always negative. C) positive when exports are greater than imports. D) zero.