What would be a "credible business plan" for the government to adopt?
What will be an ideal response?
A "credible business plan" would be a plan for the government that shrinks the deficit and thereby stops the rapid increase in the government debt. This plan likely would involve cutting government outlays and increasing government receipts.
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If we use the numbers in the above table to draw a graph, with the price on the vertical axis and the quantity on the horizontal axis, the line relating price and quantity has a slope of
A) 0.8. B) -8.0. C) -1.25. D) 8.0.
Davy's Doggie Daycare rents a warehouse and field for $2,000 a month to house its boarding pooches. Farmer Fred owns the property, he used to use it for farming and made $3,000 a month, but has since retired. What is the cost of the warehouse and field to Davy?
A. It is an explicit cost of $2,000. B. It is an implicit cost of $3,000. C. It is an implicit cost of $0. D. There is both an explicit and implicit cost totaling $5,000.
What would happen if money did not exist?
Which of the following unfair trade remedies is used LEAST often?
a. antidumping duties b. countervailing duties c. safeguard or escape clause duties d. antidumping and countervailing duties.