A demand schedule relates prices of a particular good to quantities demanded

National debt decreases in a given year when a country has

A) a budget deficit. B) a balanced budget. C) a budget supplement. D) a budget surplus. E) no discretionary fiscal policy.

Which of the following statements about the social welfare function is not true?

a. It can be thought of as a set of indifference curves that depict the wealth of the entire society. b. It does not employ interpersonal utility comparisons. c. It is one possible method for evaluating the public interest/ d. It allows for the rankings of possible outcomes.