A Federal budget deficit exists when:
A. Federal government assets are less than liabilities in a given year
B. Federal government spending exceeds tax revenues in a given year
C. Federal government spending is increasing in a given year
D. Federal government taxation is decreasing in a given year
B. Federal government spending exceeds tax revenues in a given year
Economics
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A firm in a competitive market can change the market price by changing its own production level
a. true b. false
Economics
In economics we learn that
A) tradeoffs allow us to have more of everything we value. B) tradeoffs allow us to avoid the problem of opportunity cost. C) opportunity costs are all of the possible alternatives given up when we make a choice. D) None of the above answers is correct.
Economics