A budget deficit occurs when government receipts exceed government spending

If the price of mozzarella cheese (an ingredient in pizzas) declines due to a major technological breakthrough in the dairy industry, there would be:

A) a decrease in the supply of pizza. B) an increase in the supply of pizza. C) an increase in the quantity of pizza supplied. D) no change in the supply of pizza.

According to economists who emphasize the connection between productive contribution and economic reward, a more equal income distribution

a. is instrumental to economic growth b. always helps the poor in the long run c. is at the heart of the ethics underlying competitive markets d. creates inefficiency e. may create a bigger GDP, but the individual shares of the GDP are smaller