When the government runs a budget surplus, it uses the funds to:
A. decrease public saving.
B. decrease transfer payments.
C. issue bonds.
D. pay down outstanding debt.
Answer: D
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The capacity of a firm can best be described as:
A) when a firm are producing maximum output B) a firm's production when operating normal hours using a normal sized workforce C) when a firm makes full use of all the space available in his factory or building D) when all of the firm's workers are producing at their maximum potential
If the economy is in an inflationary gap, which of the following is the least appropriate policy mix?
A. A budget surplus and expansionary monetary policy B. A budget deficit and expansionary monetary policy C. A budget deficit and contractionary monetary policy D. A budget surplus and contractionary monetary policy
Which of the following is not correct?
a. The slope of a line will be a small positive number for a fairly flat upward-sloping line. b. The slope of a line will be a large positive number for a steep upward-sloping line. c. The slope of a line will be a negative number for a downward-sloping line. d. The slope of a line will be infinite for a horizontal line.
Identify and explain three pros and three cons for advertising.
What will be an ideal response?