In 2009-2010 the federal government
A) achieved a budget surplus for the first time in more than a decade.
B) ran a budget surplus, and this reduced the size of the national debt.
C) financed approximately 40 percent of its expenditures through borrowing.
D) ran a budget deficit, and this reduced the size of the national debt.
C) financed approximately 40 percent of its expenditures through borrowing.
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What would happen to measured GDP if more people started hiring workers to do house chores such as cooking and cleaning?
What will be an ideal response?
The payoff matrix below shows the payoffs (in millions of dollars) for two firms, A and B, for two different strategies, investing in new capital or not investing in new capital. 
An industry spy comes to firm B and claims to know what firm A has decided. Given that each firm already knows the payoff matrix, how much would this information be worth to firm B?
A. $0 B. $70 million C. $50 million D. $30 million
The graph below represents a competitive market for a product where the government has set a price ceiling of 0A. What quantity will buyers be able to buy after the imposition of the price ceiling?
A. 0J
B. 0L
C. JL
D. KL
What are the functions for MC and AC if TC = 40 + 10q + 5q2?
A) MC = 10q; AC = 10 + 5q B) MC = 10 + 10q; AC = 40/q + 10 + 10q C) MC = 10 + 10q; AC = 40/q + 10q2 D) MC = 20 + 10q; AC = 40/q + 10q