When the government's outlays equal its tax revenue, then the budget
A) is in deficit.
B) is in surplus.
C) is balanced.
D) could be either in surplus or deficit.
E) is legal only because expenditures equal tax revenues.
C
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When XYZ Corporation produces 35 units of output its average variable cost is $5 . The marginal cost of the 36th unit of output is $7 . If the firm chooses to produce the 36th unit of output, what will happen to average variable cost? Explain
What will be an ideal response?
The unemployment rate is supposed to measure ________. It is an imperfect measure because ________.
A) the percentage of the working-age population who are unemployed; it is impossible to count everyone in the working-age population B) the underutilization of labour resources; it excludes some underutilized labour and some unemployment is unavoidable C) the percentage of the labour force who are unemployed; it is impossible to count everyone in the labour force D) the number of unemployed plus the number of marginally attached workers expressed as a percentage of the labour force; it excludes the marginally attached workers because Statistics Canada considers them as employed E) the underutilization of labour resources; it includes part-time workers and excludes discouraged workers