In 2003, the federal budget deficit was about _____ percent of gross domestic product
a. three
b. zero
c. seven
d. ten
a
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Having a government agency certify bond rating agencies may not be desirable
Indicate whether the statement is true or false
Refer to the table below. What is the probability of selling 23 or more cakes?
The above table shows the probability distribution of cake sales at Busy Betty's Bakery.
A) 0.60
B) 0.30
C) 0.70
D) 0.40
Secondary effects are consequences of economic actions that develop slowly over time as people react to events
a. True b. False
Which is true for a purely competitive firm in short-run equilibrium?
A. The firm is making only normal profits. B. The firm's marginal cost is greater than its marginal revenue. C. A decrease in output would lead to a rise in profits. D. The firm's marginal revenue is equal to its marginal cost.