The largest budget deficit the U.S. federal government has ever had was

A) $3.9 trillion in 1975.
B) $3.0 trillion in 2014.
C) $1.4 trillion in 2009.
D) $600 billion in 1997.

C

Economics

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The additional benefit of increasing some activity by one-unit is called the

A) scarcity. B) total benefit. C) opportunity cost. D) marginal benefit. E) unit cost/benefit.

Economics

A firm that wishes to maximize profits will continue to hire labor until the

A) real wage = MPL. B) nominal wage = MPL. C) nominal wage = the real wage. D) nominal wage = the price level.

Economics