When government outlays are less than tax revenues, the government has
A) a budget with a negative debt.
B) a budget deficit.
C) a budget with a positive balance.
D) an illegal budget because outlays must exceed tax revenues.
E) a budget surplus.
E
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Microeconomics is concerned with issues such as
A. The level of inflation in the economy. B. The demand for bottled water by individuals. C. Maintaining a strong level of economic growth. D. All of the choices are correct.
A grocery store hires cashiers and baggers. Cashiers earn $8 an hour; baggers earn $4 an hour. The manager, who wants to maximize the number of customers served given a fixed payroll, expects the following productivity from cashiers and baggers: 
Given the above information, with a payroll of $32 (per hour), how should the manager allocate this budget?
A. Hire three cashiers and two baggers B. Hire four cashiers and one bagger C. Hire two cashiers and four baggers D. Hire two cashiers and three baggers