When government revenue exceeds government spending, the nation has a:
A. government budget deficit.
B. government budget surplus.
C. trade deficit.
D. trade surplus.
Answer: B
You might also like to view...
Refer to the scenario above. In this case, a Nash equilibrium occurs if ________
A) each of them bids up to their value for the good B) Tom and Roger bid up to their value for the good while Bill and Jeff bid below their value for the good C) Tom and Jeff bid up to their value for the good while Roger and Bill bid below their value for the good D) Bill and Jeff bid up to their value for the good while Tom and Roger stop bidding at $100 and $200, respectively
When did the Federal Reserve Act become law?
A) 1836 B) 1913 C) 1936 D) 1951
A price discriminating monopolist having identical costs in two separated markets should charge a higher price in that market:
a. which has a higher demand. b. which has a more elastic demand. c. which has a less elastic demand. d. which has a higher marginal revenue.
Briefly describe the practice of resale price maintenance