Which of the following is TRUE when a budget deficit exists?
A. Dissaving exists.
B. A trade surplus exists.
C. Tax revenues exceed government expenditures.
D. Government expenditures exceed tax revenues.
Answer: D
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Which of the following statements about bank loans is correct?
a. Banks are allowed to make loans to businesses, individuals, but not make loans to other banks or invest in the stock market. b. Banks are allowed to make loans to businesses, individuals, and other banks, but not invest in the stock market. c. Banks are allowed to make loans to businesses, individuals, and invest in the stock market, but not make loans to other banks. d. Banks are allowed to make loans to businesses, individuals, other banks, and invest in the stock market.
The textbook reveals the secret of French cuisine. It is that
a. French food is highly nutritious and its taste creates high total utility b. they provide only small portions of many courses so that the marginal utility of each course is high c. they provide large portions of few courses so that the total utility of the meal is high d. they provide large portions of many courses so that both the marginal and total utility of each course offered in the meal is high e. time matters; the French meal lasts for hours, increasing the total utility of the meal
A factor of production that is produced in order to produce something else is called:
A) money. B) labor. C) technology. D) capital.
If a fall in the price level made people feel richer and initially increased aggregate expenditures by 20, the AD curve would:
A. shift by less than 20. B. not shift at all. C. shift by exactly 20. D. shift by more than 20.