Many governments end up with chronic budget deficits because:
A. Many government programs are popular with voters, but hardly any voter likes paying taxes
B. The nation simply cannot produce everything that it consumes, so it has to rely on others
C. Some resources are not available from within, so they would have to be bought from others
D. Businesses do not want to have "big government" around too much
A. Many government programs are popular with voters, but hardly any voter likes paying taxes
You might also like to view...
The formula for price elasticity of demand that is used in practice
A. usually drops all minus signs. B. usually takes on different values at different points on the demand curve. C. may calculate the percentage change in price between P1 and P2 as “(P2 ? P1) as a percentage of (P1 + P2)/2.” D. All of the responses are correct.
A local Krispy Kreme doughnut shop reduced the price of its doughnuts from $4 per dozen to $3.50 per dozen, and as a result, the daily sales increased from 300 to 400 dozen. This indicates that the price elasticity of demand for the doughnuts was:
a. elastic. b. inelastic. c. of unitary elasticity. d. indeterminate; more information is needed to determine the price elasticity of demand.
Just after World War II, the labor-force participation rate of men was
a. about 33 percent, and in 2015, it was about 50 percent. b. about 50 percent, and in 2015, it was about 60 percent. c. about 60 percent, and in 2015, it was about 60 percent. d. about 90 percent, and in 2015, it was about 70 percent.
Which is not a job of the Federal Reserve?
A. Check clearing B. Issuing currency C. Insuring bank deposits D. Controlling the rate of growth of the money supply