When a park is funded by visitors, but not by taxpayers in general,
a. there will be too few parks, because most people will not pay to use a park.
b. visitors will be better served, because poor service would lead to reductions in revenues.
c. park budgets will decline.
d. park quality will decline.
B
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If the Treasury borrows from the public and makes an expenditure of an equal amount, it will affect
A) the supply of currency. B) the money supply. C) the supply of government securities. D) bank reserves.
User charges are identical to market prices
a. True b. False
Fundamentally, fiscal policy deals with which of the following?
A. changes in the federal budget B. changes in M1 C. changes in interest rates
Because of unseasonably cold weather, the supply of oranges has substantially decreased. This statement indicates the
A. demand for oranges will necessarily rise. B. price of oranges will fall. C. equilibrium quantity of oranges will rise. D. supply of oranges has declined.