Structural deficit (surplus)
What will be an ideal response?
the portion of the deficit (or
surplus) that results from tax and spending policy dictated
by the president and Congress at their
discretion
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Which of the following is an argument in favor of trade liberalization?
(a) Increased investment. (b) Infant industry. (c) Fluctuating export earnings. (d) Increased government revenue.
A decrease in demand would be represented by
A) the price of a good going from $3 to $4. B) an increase in the cost of resources used to produce the good. C) a movement along the demand curve. D) a shift of the demand curve to the left.
By buying and selling Treasury securities the Federal Reserve affects tax collections by the IRS
Indicate whether the statement is true or false
Which of the following is NOT a source of rivalry in economic transactions?
A. Producer?producer rivalry B. Consumer?producer rivalry C. Government?producer rivalry D. All of the statements associated with this question are correct.