When the government has a budget surplus
a. it buys more of its bonds from the public than it sells to the public.
b. it spends more than it receives in tax revenue.
c. private saving is greater than zero.
d. exports are greater than imports.
a
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Refer to Figure 5-3. If consumers paid the full price of medical services, the price they would pay is
A) $40. B) $55. C) $65. D) > $65.
Since 1933, bank failures have occurred
a. frequently b. very rarely c. once every 3 years d. every year e. once every 5 years
The price for labor is the wage rate. What happens to the demand for labor if wages increase?
a. It increases. b. It decreases. c. It does not change. d. Uncertain-economic theory has no answer to this question.
A decrease in the price of pizza will lead to a(n):
A. increase in the demand for pizza. B. increase in the quantity of pizza demanded. C. decrease in the number of consumers. D. decrease in the quantity of pizza demanded.