The federal government ran a budget deficit of approximately ________ in fiscal year 2011

A) $14 trillion B) $800 billion C) $250 billion D) $1.3 trillion


D

Economics

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A(n) ____ can be used to demonstrate why a competitive oligopoly tends to result in a low-price strategy that does not maximize mutual profits

a. interdependence index b. gini coefficient c. herfindahl index d. payoff matrix

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Texas requires drivers to carry automobile collision insurance. Texas views this type of insurance as a

a. merit good b. public good c. nonrival good d. nonexcludable good e. voluntary good

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:Employed full-time:4,200Employed part-time:  700Not employed and looking for work:  300Not employed and not looking for work:  200Given the data in Table 12.1, the unemployment rate of Metropolis is approximately:

A. 6 percent. B. 9 percent. C. 12 percent. D. 22 percent.

Economics

A demand curve for a Giffen good would be

A) upward sloping. B) downward sloping. C) horizontal. D) vertical.

Economics