When federal government spending amounts to less than tax revenues, the federal government runs a budget deficit.
Answer the following statement true (T) or false (F)
False
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Flora's Flowers operates in a perfectly competitive market. At the point where marginal cost equals marginal revenue, ATC = $10, AVC = $5, and the price per unit is $15 . In this situation,
a. Flora earns positive profits in the short run b. Flora will shut down in the short run c. Flora's supply curve will shift to the left d. Flora's supply curve will shift to the right e. the market price will rise in the long run
Some companies resolve service failures so successfully that customer satisfaction actually increases following a disruption. What is this known as?
a. Service recovery paradox b. Emergency relief system c. Customer satisfaction paradigm d. Efficiency planning
Which of the following statements is TRUE?
A. saving = personal income - consumption B. investment = disposable income + consumption C. saving = disposable income - consumption D. saving = personal income + consumption
When the price level in the United States rises relative to the price level of other countries, ________ will rise, ________ will fall, and ________ will fall
A) imports; exports; net exports B) exports; imports; net exports C) net exports; exports; imports D) net exports; imports; exports