Suppose that in 2020 the average citizen's federal tax bill is $14,888 per person, and total federal spending is $13,997 per person. In 2020, the federal government will have
a. a per person budget surplus of $891.
b. a per person budget deficit of $891.
c. horizontal equity.
d. vertical equity.
b
Economics
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Which of the following facilitates the movement of checks across the country?
a. Board of Governors b. Treasury Department c. Federal Open Market Committee d. Federal Reserve Banks e. Department of Commerce
Economics
Which of the following describes a problem created by scarcity?
A. The course you need to take in the fall is offered at times that conflict with your work schedule. B. Your cell phone battery is low and you screen a phone call from a friend in case your significant other calls later. C. The White House eliminates tours due to budget constraints. D. All of these.
Economics