The federal budget is:
a. submitted by Congress to the President and contains proposals for tax increases
b. submitted by Congress to the President and contains proposals for government expenditures.
c. always in balance, with receipts equal to expenditures.
d. equal to government purchases plus cash and in-kind transfer payments.
e. usually planned for the calendar year, which starts from January.
c
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From the late 1860s until 1907 the U.S. averaged a four percent or more increase in the real value of the goods and services produced
Indicate whether the statement is true or false
The above figure depicts the Edgeworth box for two individuals, Al and Bruce. If the endowment is at point a, and Bruce has no ability to bargain, the final allocation will be at point
A) a. B) b. C) c. D) d.
A util represents a unit of measurement for the:
a. dollars a consumer spends on a good. b. profit a firm makes from producing a good. c. way a consumer will respond to a change in price. d. happiness a person obtains from consuming a good. e. way a producer will respond to a change in price.
Refer to Exhibit 2-6. Which graph depicts a technological improvement in the production of good Y only?
 ANSWER 7.png)