The government collects tax revenue of $100 million and has $105 million in outlays. The budget balance is a

A) surplus of $5 million.
B) deficit of $5 million.
C) surplus of $105 million.
D) deficit of $105 million.
E) surplus of $100 million and a deficit of $105 million.


B

Economics

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Profit can be defined as the

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A pollution tax encourages firms to develop more efficient abatement technology.

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