X is exports, M is imports, T is net taxes, G is government expenditure, C is consumption expenditure, S is saving, and I is investment. The government sector balance is equal to
A) T - G.
B) C + S + T.
C) S - I.
D) X - M.
A
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A tax on cigarettes:
A. increases total surplus. B. increases efficiency in the market. C. will increase both total surplus and efficiency in the market. D. like any tax, will always reduce surplus and efficiency in markets.
The minimum wage is more often binding for teenagers than for other members of the labor force
a. True b. False Indicate whether the statement is true or false
Tradionally, it was pretty hard to get a mortgage
What will be an ideal response?
When solving collective action problems, a major barrier is the free rider problem, which occurs when actors
a. reap the benefits without contributing any effort. b. harvest the resources of other nations. c. increase their consumption in a sudden and dramatic way. d. are forced to live with control and domination.