The division of the fiscal imbalance between the current and future generations, assuming that the current generation will enjoy the existing levels of taxes and benefits, is called __________ imbalance.
Fill in the blank(s) with the appropriate word(s).
generational
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If a country has a comparative advantage in producing a product, it may or may not have an absolute advantage in producing that product
Indicate whether the statement is true or false
Suppose you make a $5,000 investment that will return $3,000 in year 2 and another $3,500 in year 4. With an interest rate of 4.5%, what is the NPV of this project?
A. $247.34 B. $682.16 C. $1,500.00 D. $2,162.50
Import tariffs in the United States are likely to reduce U.S. exports, both because of the resulting decrease in foreign earnings of dollars from exports to the United States and because of the likelihood of increases in other countries' import restrictions against U.S. goods
a. True b. False Indicate whether the statement is true or false
If producers incorrectly set the price of their product too low:
A. equilibrium will result. B. the industry will die out soon. C. a shortage will result. D. a surplus will result.