Before about 1975
a. any federal deficits were at least 5 percent of GDP.
b. most federal deficits were less than 2 percent of GDP.
c. the federal government never ran deficits.
d. the federal government always ran a surplus.
e. any federal deficits were at least 7 percent of GDP.
B
You might also like to view...
The U.S. spends more on education, and achieves far worse results. The underling cause of this disparity may have to do with: a. the cost per student spent b. the high degree of inequality in the U.S
c. the difference in property tax rates d. both the high degree of inequality in the U.S. and the difference in property tax rates
The short-run aggregate supply (SRAS) curve shows the quantity
A) demanded of all goods and services at different price levels, ceteris paribus. B) supplied of all goods and services at a particular price level, ceteris paribus. C) supplied of all goods and services at different price levels, ceteris paribus. D) supplied of GDP at a particular price level, ceteris paribus.
Tommy’s Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy’s is able to engage in perfect price discrimination.
Refer to Table 15-21. If the monopolist can engage in perfect price discrimination, what is the marginal revenue from selling the 5th tie?
a. $80
b. $100
c. $110
d. $120
The form of business organization responsible for generating the greatest portion of business revenues in the United States is the
A. corporation. B. partnership. C. proprietorship. D. dual proprietorship.