Private saving is positive when:
A. the government's budget is balanced.
B. there is a government budget surplus.
C. there is a government budget deficit.
D. after-tax income of households and businesses is greater than consumption expenditures.
Answer: D
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A private firm that sustains a financial loss because of an antitrust violation may be able to recover three times the actual damages
a. True b. False
Bill Gates' recent purchase of a new Rolls-Royce automobile produced in Great Britain will:
a. increase the gross domestic product of the United States. b. have no effect on either country's GDP. c. decrease Great Britain's GDP. d. increase the net export component of U.S. gross domestic product. e. have to be subtracted from the U.S. GDP.
Off-budget expenditures:
What will be an ideal response?
Paying efficiency wages means that wages are
a. above equilibrium, and profits are higher than otherwise. b. above equilibrium, and profits are lower than otherwise. c. below equilibrium, and profits are higher than otherwise. d. below equilibrium, and profits are lower than otherwise.