When analyzing the effects of the government budget deficit
A. the baseline budget should be used since it is the most accurate.
B. there should be a comparison of the effect of the deficit to the effects of higher taxes needed to eliminate it.
C. no distinction must be made between an economy where full employment exists and one where substantial unemployment exists.
D. it is important to examine the effects of the reported capital budget and the reported operating budget separately.
Answer: B
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What will be an ideal response?
By far, the most frequently encountered price discrimination is the
A) first-degree price discrimination. B) second-degree price discrimination. C) third-degree price discrimination. D) fourth-degree price discrimination.
Which of the following is a problem with using real GDP as a measure of economic well-being? a. It does not account for inflation
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a. the same as b. double c. ten times d. fifty times