The blame for failing to address the budget deficits of the 1980s and early 1990s

A. is clearly the fault of the Republican administrations.
B. is clearly the fault of the Democratic Congresses.
C. is a political question rather than an economic question.
D. is an economic question rather than a political question.

Answer: C

Economics

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Briefly explain the similarities and differences of decision making by the market sector and the public sector

What will be an ideal response?

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Rivalry among firms would tend to be high if

a. There is a small number of firms in the market b. There is a large number of firms in the market c. There is only one firm in the market d. None of the above

Economics