A government is running a budget deficit if:
A. government revenue exceeds government spending.
B. imports exceed exports.
C. exports exceed imports.
D. government revenue is less than government spending.
Answer: D
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If a consumer has a choice between only two goods and both of them are perfect complements what would the indifference curve look like and why?
What will be an ideal response?
The supply of land is perfectly __________.
Fill in the blank(s) with the appropriate word(s).
This profit-maximizing (loss-minimizing) firm is making a profit or loss of about _________.
A. $1,400
B. $225
C. $0
D. -$225
Special drawing rights are
A. international units of account held by the International Monetary Fund for member countries. B. the estimated level of oil reserves remaining in OPEC countries. C. credit accounts held by individual stockholders with portfolio investments in other countries. D. the reserves held by members of the European Union to back their accounts with the European Central Bank.