Spending constants & lowering taxes

What will be an ideal response?


so it will create more debt

Economics

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Game theory assumes that to compute the likely outcome of games, one needs to assume that players act

a. Rationally b. Optimally c. In their own self-interest d. All the above

Economics

The principle that the cost of something is equal to what is sacrificed to get it is known as the

A) reality principle. B) marginal principle. C) principle of opportunity cost. D) principle of diminishing returns.

Economics

The functional form of corporate organization

a. organizes employees along the functions or tasks that they perform b. organizes employees along the customer types that they serve c. organizes employees along individual projects that arise d. organizes employees into softball teams

Economics

Which of the following is true about GNP?

a. includes profits earned by a Mercedes factory in Alabama b. excludes profits earned by General Electric in India c. measures the market value of all goods and services produced by resources supplied the home country's residents and firms, regardless of the location of the resource d. stands for Generally Nice Products e. used by countries to classify the World Bank

Economics