A federal budget deficit occurs when _____
Fill in the blank(s) with the appropriate word(s).
federal government purchases exceed net taxes.
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The cost that does not change as output changes is
A) total fixed cost. B) average fixed cost. C) total variable cost. D) average variable cost. E) marginal cost.
In the United States in 2014, the percentage of firms that employed more than 200 workers and offered health insurance as a fringe benefit to the workers was about
A) 29%. B) 42%. C) 61%. D) 98%.
Indicate below the activity that the IMF is not involved in
A) financing countries' BOP deficits through temporary loans B) overseeing exchange rate policies C) monitoring BOP imbalances D) issuing a composite currency called ECU
U.S. imports are goods and services
A) produced abroad and sold to Americans. B) produced in the United States and sold to Americans. C) produced abroad and sold to foreigners. D) produced in the United States and sold to foreigners.