Refer to the graph shown.
Suppliers producing L will spend up to area(s) ________ to limit output to L.
A. A
B. B
C. A and B
D. B and D
Answer: B
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If the national debt rises to the debt ceiling and there is currently a budget ________, the Congress and the President must agree to ________ the debt ceiling or else the federal government will have insufficient funds to pay its bills and will be forced to shut down
a. surplus, lower b. deficit, raise c. surplus, lower d. none of the above
The argument first used to protect the U.S. steel industry from foreign competition over a century ago was the
a. diversity of industries argument b. antidumping argument c. national security argument d. retaliation argument e. infant industries argument
Loans made between borrowers and lenders are:
A. not part of either parties' assets or liabilities until the loans are repaid. B. assets to the lenders and liabilities of the borrowers since the promises are made to the lenders. C. liabilities to the lenders and assets to the borrowers since the borrower obtains the funds. D. liabilities to both the lenders and the borrowers.
Refer to the above figure. If flow (1) is the cost businesses pay to the resource market, then:
A. (4) is the flow of goods and services. B. (6) is the flow of money income. C. (7) is the flow of revenue. D. (2) is the flow of productive resources.