From 2009 to 2012, the federal government's budget deficit was about
a. 5 percent of GDP, and this led to the highest debt-GDP ratio in U.S history.
b. 10 percent of GDP, and this led to the highest debt-GDP ratio in U.S history.
c. 5 percent of GDP, and this led to the highest debt-GDP ratio since World War II.
d. 9 percent of GDP, and this led to the highest debt-GDP ratio since World War II.
d
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The MCE function represents the
a. marginal cost of enforcement incurred by the government b. marginal cost of the externality linked to environmental pollution c. market cost of a given environmental policy initiative d. extra cost of the engineering approach
The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 400 and Qd = 500 - 0.02W, where W is the annual wage of a coal miner and Q is the number of coal miners. What is the profit maximizing number of coal miners for the coal mine to hire?
A. 300 B. 150 C. 100 D. 33.33
Which is the most accurate statement?
A. Most strikes cause no economic disruption. B. The job of a mediator is to impose a settlement. C. Collective bargaining negotiations occasionally end with a strike. D. The firm with the least ability to withstand a strike would be a manufacturing firm.
The most important rationales for NAFTA are geographic proximity and trading importance.
a. true b. false