When an economy is above full employment and the government has a budget deficit, that deficit
A) is less than the structural deficit.
B) exceeds the structural deficit.
C) is equal to the cyclical deficit minus the structural deficit.
D) is equal to the cyclical deficit.
E) is equal to the structural deficit minus the cyclical deficit.
A
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Immigrant entrepreneurs have founded what portion of semiconductor, computer/communication, and software companies in the U.S.?
A. 5% - 10% B. 10% - 20% C. 20% - 25% D. 25% - 35%
The European Commission is comprised of ________.
A) 20 people, two people from each of the member countries B) 56 people, two people from each of the member countries C) 28 people, one person from each of the member countries D) 12 people, one person from each of the member countries
Suppose a firm has a monopoly on the sale of a computer game and faces a downward-sloping demand curve. When selling the 50th game, the firm will always receive
a. less marginal revenue on the 50th game than it received on the 49th game. b. more average revenue on the 50th game than it received on the 49th game. c. more total revenue on the 50 games than it received on the first 49 games. d. Both b and c are correct.
A new technological innovation would increase
A. the labor force. B. labor hours worked. C. labor productivity. D. population growth.