Historical evidence seems to indicate that
A) budget and trade deficits generally move in the same direction.
B) budget and trade deficits generally move in the opposite direction.
C) trade and budget deficits decrease when the president is a Republican, and increase when the president is a Democrat.
D) there is no consistent relationship between trade and budget deficits.
A
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Refer to the market diagram. Of the surplus that consumers lose because there is a monopoly (and not perfect competition), how much is lost to the monopoly itself?
The following questions refer to the accompanying market diagram. PC and QC are the equilibrium price and quantity if the firm behaves competitively, and PM and QM are the equilibrium price and quantity if the firm is a simple monopoly.
a. Area C + D
b. Area E + H
c. Area A + B
d. Area C + D + E
The benefits received principle suggests that: a. traditional exemptions should be removed since they benefit people with ability to pay more taxes. b. people with different levels of income should be treated in the same manner
c. individuals receiving the benefits should be those who pay for them. d. those with the greatest ability to pay taxes should pay more than those with the least ability to pay taxes.
Unemployed workers in developing economies typically have access to various government programs like unemployment insurance, welfare, and food stamps
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point B to Point C so that an additional 20 OLED televisions could be produced, production of LCD televisions would have to be reduced by
A. more than 30. B. exactly 60. C. fewer than 30. D. exactly 30.