The fact that every dollar that the government spends or transfers must ultimately be provided by the taxes and user charges it collects plus government borrowing is known as the
A) government balance sheet constraint.
B) government budget constraint.
C) tax collection constraint
D) user charge constraint.
B
Economics
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If a price decrease leads to an increase in total revenue, demand must be: a. perfectly inelastic. b. relatively inelastic. c. relatively elastic
d. unit elastic.
Economics
Lobbying can shape regulations through:
A. collusion. B. objective cost benefit analysis. C. forced action. D. rent-seeking behavior.
Economics