Using economic efficiency as the standard, most economic models imply that ________ when trying to reduce the debt
A) increasing taxes is preferable to reducing government expenditure
B) reducing government expenditure is preferable to increasing taxes
C) increasing taxes is equally efficient as reducing government expenditure
D) reducing government expenditure is no more effective than increasing taxes
B
Economics
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If a major union goes on strike, then the country would be operating inside its production possibilities frontier
a. True b. False Indicate whether the statement is true or false
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If a government has a budget surplus, then public saving
a. is positive and increases national saving. b. is positive but decreases national saving. c. is negative and decreases national saving. d. is negative but increases national saving.
Economics