Which of the following trends has been observed in federal revenues and expenditures over time?
a. Expenditures were lower than the revenues in the 1998-2001 period.
b. Expenditures were lower than the revenues in the 1930s.
c. Expenditures were higher than the revenues in the 1998-2001 period.
d. Expenditures were more or less equal to the revenues in the 1930s.
e. Expenditures were more or less equal to the revenues in the 1998-2001 period.
a
Economics
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When firms form a cartel in an oligopoly market, the total output is always the same as if the market were perfectly competitive
a. True b. False Indicate whether the statement is true or false
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When misallocation of resources for production of a good results in spillover effects on third parties, there is a
A) market failure. B) government failure. C) legislative failure. D) productive failure.
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