From 2009 to 2012, the federal budget deficits were the largest budget shortfalls since World War II. The primary reason for the record-large deficits was
a. the recession experienced during this time.
b. severe budget tightening by members of Congress.
c. the shift in political power from Republicans to Democrats.
d. All of the above are correct.
a
Economics
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The demand for gasoline is perfectly inelastic because most people need gasoline to drive their cars
Indicate whether the statement is true or false
Economics
When the isocost line is tangent to the isoquant, then
A) MPL = MPK. B) the firm is producing that level of output at minimum cost. C) the firm has achieved the right economies of scale. D) All of the above.
Economics