The shortfall between tax receipts and government expenditure excluding interest on the national debt is called the
a) structural budget deficit
b) current account deficit
c) primary deficit
d) tax gap
e) debt ceiling
c) primary deficit
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The market system corrects a shortage by:
a. Raising product price to decrease production b. Lowering product price to increase production c. Raising product price to increase production d. Lowering product price to decrease production
Is an efficient market allocation fair? Explain.
What will be an ideal response?
According to the Department of Justice's Horizontal Merger Guidelines, a post-merger HHI ________ is considered ________.
A. below 1,000; low resulting in a high likelihood that a merger will be permitted B. below 1,000; high resulting in high likelihood that a merger will be blocked C. below 1,800; high resulting in high likelihood that a merger will be blocked D. above 1,800; low resulting in a high likelihood that a merger will be permitted
When the demand curve is a downward sloping straight line, the slope of the marginal revenue curve is
A. always equal to one. B. half as steep as the demand curve. C. twice as steep as the demand curve. D. the same as the slope of the demand curve.