Entitlements and net interest are the ________ the U.S. federal budget
A) two fastest-growing components of B) only two declining components of
C) only two components with negative values in D) two slowest-growing components of
A
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Refer to Scenario 10.2. Suppose that in addition to the tax, a business license is required to stay in business. The license costs $1000. What is the profit maximizing level of output?
A) 0 B) 90 C) 95 D) 100 E) none of the above
If the price of personal computers were to rise, then the demand for printers would decrease because personal computers and printers are
A) complementary goods. B) consumer goods. C) inferior goods. D) substitute goods.
Gomer can make either 200 gallons of corn liquor (L) or 200 gallons of strawberry wine (W) every six months. Goober can make only 100 gallons of corn liquor (L) or 50 gallons of strawberry wine (W) every six months. Which statement below is true?
A) Gomer produces W more efficiently than Goober. B) Gomer produces L less efficiently than Goober. C) Goober produces L more efficiently than Gomer. D) All of the above are true.
Which of the following is the most unstable category of GDP?
a. consumption b. investment c. government purchases d. net exports