A politician states "taxes should be raised to provide more spending on school lunch programs." This is ____________
Fill in the blank(s) with the appropriate word(s).
Answer: a normative economic statement.
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Using the data in the above table, if the private sector runs a surplus of $250 billion, imports will equal $1,000 billion if
A) government expenditure equals -$750 billion. B) investment equals -$1000 billion. C) government expenditure equals -$1000 billion. D) the government sector runs a deficit of $750 billion.
The economy's marginal benefit curve for a public good is found by ________ for all individuals
A) vertically summing the marginal benefit curves B) vertically summing the total benefit curves C) horizontally summing the total benefit curves D) horizontally summing the marginal benefit curves
The silly clothes worn by a circus clown are an example of:
a. a natural resource. b. capital goods. c. labor. d. entrepreneurship.
The coordinates of point A are 30 units of X and 70 units of Y. The coordinates of point B are 28 units of X and 76 units of Y. With X on the horizontal axis and Y on the vertical axis, the slope of the line between points A and B is
A) + 3.00 B) + 0.67 C) + 0.33 D) - 3.00 E) - 0.33