A budget surplus means that
A. government expenditures are greater than revenues in a given year.
B. government revenues are greater than expenditures in a given year.
C. a nation's imports are greater than its exports.
D. a nation's exports are greater than its imports.
Answer: B
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If a merger allows managers to reduce duplicate operations, the merger ________.
A) created synergies B) eliminated the hold-up problem C) created technological interdependencies D) created managerial diseconomies
It is often impossible for a business firm to determine its private costs of production
a. True b. False Indicate whether the statement is true or false
Which of the following is a barrier to entry?
a. Zoning laws preventing the establishment of new businesses in a certain area. b. The cost of buying a building in which to establish a new business. c. A sales-tax law. d. Inspection requirements for agricultural products.
As the interest rate falls, the quantity supplied of money falls and the quantity demanded of money rises
Indicate whether the statement is true or false