What is a major difference between an operating budget and a capital budget?
What will be an ideal response?
Answer: An operating budget is for day-to-day expenses; a capital budget is for investment spending.
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If demand increases, the equilibrium price and equilibrium quantity will both fall, everything else being equal.
Answer the following statement true (T) or false (F)
Refer to Figure 5-15. Identify the area that shows the deadweight loss from overfishing
A) efh B) ekh C) eghk D) egh
Which of the following represents one or more of the key goals and objectives of the Fed?
a. Promotion of low-priced foreign imports b. Restoration of scarce and depletable natural resource stocks c. Promotion of U.S. corporate interests overseas d. High levels of employment, economic growth, and stability in prices
Public choice economists often explain low voter turnouts in terms of
A) dissatisfaction of many voters with the limited choice of candidates. B) lack of civic responsibility of the electorate. C) net costs of voting that many voters perceive. D) rational ignorance of many voters of the actual date of the elections.