The Budget Enforcement Act of 1990:
a. was a package of spending cuts and tax increases designed to reduce budget deficit
b. succeeded in balancing the budget cyclically.
c. succeeded in balancing the budget within two years.
d. identified defense and international programs as the only two areas of potential spending cuts.
e. gave the President the authority to make unilateral spending cuts to balance the budget.
a
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Inclusive property rights provide an investor:
a. more options and greater incentives to avoid inefficient choices. b. an insight to future earnings and revenue generation. c. a definite return on the investment. d. cost effective techniques of production leading to economies of scale.
An adverse supply shock will shift short-run aggregate supply
a. right, making prices rise. b. left, making prices rise. c. right, making prices fall. d. left, making prices fall.
Which of the following measures net exports for the year, including transactions involving services, investment income, and transfers?
A. Balance of trade B. Balance on the current account C. Budget balance D. Balance of payments
Demand is elastic if the consumer has only a few substitutes to choose from.
Answer the following statement true (T) or false (F)