A budget surplus occurs when government receipts fall short of government spending
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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What is meant by the "vicious cycle of poverty," and what are some of the requirements needed to escape this cycle?
What will be an ideal response?
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Bid-rigging is less likely in
a. oral auctions b. English auctions c. first-price sealed-bid auctions d. all are equally likely
Economics
If a firm in a perfectly competitive market faces a market price of $8, and it decides to increase its production from 300 units to 550 units, the firm's total revenue will:
A. increase from $2,400 to $4,400. B. decrease from $4,400 to $2,400. C. stay the same at $8. D. likely rise, but it cannot be determined by how much.
Economics
Why does wind power have economies of scale?
What will be an ideal response?
Economics