The sum of all past federal deficits minus any surpluses is called the
A) transfer balance.
B) national deficit.
C) national debt.
D) national budget.
Ans: C) national debt.
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Answer the following statement true (T) or false (F)
Between 1999 and 2007, the behavior of firms in the trucking industry closely matched the outcome predicted by the model of perfect competition
Indicate whether the statement is true or false
Which of the following is a drawback of government investment in R&D?
a. Close government scrutiny of R&D projects b. Lack of tax reductions for R&D expenses c. Unclear assignment of patent rights d. Additional costs of government free riders
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