On the notion of the Balanced Budget Amendment, economists are
A. unanimously against a rigid requirement of budget balance.
B. apathetic.
C. mostly against a rigid requirement of budget balance.
D. unanimously in favor of a rigid requirement of budget balance.
Answer: C
You might also like to view...
When a perfectly competitive market is in its long-run equilibrium, the fact that the firms make zero economic profit will
A) encourage new firms to enter the market. B) cause existing firms to shut down. C) cause existing firms to leave the market. D) mean that the firms' owners earn a normal return.
Refer to Figure 4-1. If the market price is $3.50, what is the consumer surplus on the first ice cream cone?
A) $0 B) $0.50 C) $3.50 D) $9.00
When is an individual said to have single-peaked policy preferences?
What will be an ideal response?
The principal econometric techniques used in measuring demand relationships are:
a. the standard deviation b. regression c. correlation analysis d. the coefficient of determination e. both b and c