Based on this graph, in most years there is a ______.
a. budget surplus
b. budget deficit
c. balanced budget
d. recessionary budget
b. budget deficit
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The provision of the Patient Protection and Affordable Care Act (ACA) which states that every firm with more than 200 full-time employees must offer health insurance to its employees and must automatically enroll them in the plan is the ________
provision. A) individual mandate B) regulation of health insurance C) state health insurance marketplaces D) employer mandate
Jimbo has a comparative advantage over Ned in producing a good if:
A. Jimbo can produce more of the good than Ned can in a given time period. B. Jimbo has a lower opportunity cost of producing the good than does Ned. C. Jimbo has to trade off more than Ned does to produce the good. D. Jimbo has a higher opportunity cost of producing the good than does Ned.
Referring to Table 4.2, Box O should be filled with 
A. $2. B. $0. C. $7.50. D. $12.50.
Voluntary exchange requires that there must be mutual gain.
Answer the following statement true (T) or false (F)