Under which of the following circumstances would the government be running a deficit?
A) G = $7 trillion
T = $10 trillion
TR = $3 trillion B) G = $7 trillion
T = $7 trillion
TR = $0 C) G = $5 trillion
T = $5 trillion
TR = $1 trillion D) G = $5 trillion
T = $7 trillion
TR = $1 trillion
C
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Explain the Coase theorem. In order for the Coase theorem to be applicable, explain which three conditions must be satisfied. Give an example to show how the Coase theorem can be applied
What will be an ideal response?
Increases in the supply of scientists and engineers can increase the level of
a. investment. b. consumption. c. government spending. d. technology.
One In The News article is titled "The Misery Index." If terrorist attacks result in a decrease in immigration, the misery index will
A. Remain unchanged. B. Increase, decrease, or remain unchanged, depending on circumstances. C. Decrease. D. Increase.
A monopolistic competitor is in long-run equilibrium when
A) economic profits are equal to zero and the average total cost curve is tangent to the demand curve. B) economic profits are equal to zero and the marginal cost curve is tangent to the demand curve. C) economic profits are greater than zero and the average total cost curve is tangent to the demand curve. D) economic profits are greater than zero and the marginal cost curve is tangent to the demand curve.