A federal budget ________ occurs when the federal government spends more than it collects in taxes.
A. surplus
B. deficit
C. equilibrium
D. ceiling
Answer: B
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Refer to Figure 22-4. Suppose the per-worker production function in the figure above represents the production function for the U.S. economy
If the United States decided to cut its support of university research in half, this would cause a movement from A) B to D. B) B to E. C) B to C. D) B to A.
The goal of international economic policy cooperation is to allow for greater flexibility in exchange rates
Indicate whether the statement is true or false
The optimal sharing group _____
a. increases as the cost of the public good increases b. declines as the cost of the public good increases c. declines as the cost of the public good declines d. increases as the cost of the public good increases
If an asset has a present value of $50 and appreciates at an interest rate of 4%, what is the asset's future value in 47 compounding periods?
A) Approximately $400 B) Approximately $316 C) Approximately $137 D) Approximately $1143