When government expenditures in a given year are less than tax receipts, there exists
A. a budget deficit.
B. public revenue.
C. full-employment taxation.
D. a budget surplus.
D. a budget surplus.
Economics
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Countries tend to be classified as more or less developed based on
a. the literacy rate. b. the poverty rate. c. the level of income per capita. d. the types of goods they produce.
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Define monopsony
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Ceteris paribus, if Americans decide they want to drive more German-made cars, this causes the ________ German currency to ________.
A. supply of; increase B. supply of; decrease C. demand for; decrease D. demand for; increase
Economics
List and give examples of the five pitfalls to economic thinking
Please provide the best answer for the statement.
Economics