Which of the following is TRUE when a budget deficit exists?
A) Dissaving exists. B) Tax revenues exceed government expenditures.
C) A trade surplus exists. D) Government expenditures exceed tax revenues.
D
Economics
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How are depletion and pollution mirror images of the same problem?
What will be an ideal response?
Economics
Two countries are the same, except one is poorer. Assuming the traditional assumption about the production function is made there are
a. diminishing returns to capital so the poor country grows slower. b. increasing returns to capital so the poor country grows slower. c. diminishing returns to capital so the poor country grows faster. d. increasing returns to capital so the poor country grows faster.
Economics