The benevolent social planner would like to see people take
A) all possible precautions.
B) all cost-justified precautions.
C) only cost-justified precautions.
D) both b and c
D
Economics
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How does a government budget deficit occur?
A) A government's tax revenues exceed its spending. B) If a nation carries a public debt, it must be running a deficit every year. C) A government's spending exceeds its tax revenues. D) A nation earns more on exports than it spends on imports.
Economics
Refer to the table above. The government sector balance is a
A) $900 billion surplus. B) $500 billion deficit. C) $2,900 billion trade deficit. D) $2,900 billion balanced budget. E) $900 billion deficit.
Economics