If the government runs a budget deficit, then
A) national saving is negative.
B) household but not business saving must pay for the deficit.
C) part of household and business saving finances the deficit.
D) national saving cannot fund investment.
C
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Looking at the average tariff rate in the United States since 1930, we see that
A) tariffs have trended downward for most of the period. B) tariffs were made illegal in the United States in 1955. C) tariff levels have remained high, at over 50 percent throughout the period. D) while we talk about free trade, tariff levels have risen over the last 30 years. E) at first tariffs declined, but have recently risen.
The opportunity cost of college is the same for all students who are receiving full-tuition scholarships
a. True b. False
Laqueta buys a new GPS device for her car for $135 . She receives consumer surplus of $25 on her purchase if her willingness to pay is
a. $25. b. $110. c. $135. d. $160.
In the industry of phone apps, end users are
A) advertisers only. B) app users only. C) both advertisers and app users. D) no one.