A government is running a budget deficit if:
A. government revenue exceeds government spending.
B. imports exceed exports.
C. exports exceed imports.
D. government revenue is less than government spending.
Answer: D
Economics
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In the above figure, the efficient level of chemicals produced per week is
A) 0 tons. B) 4 tons. C) between 5 and 7 tons. D) 8 tons.
Economics
Historically, one of the most common reasons for countries to impose tariffs was
A) to protect their national security. B) to raise revenue for the government. C) to eliminate unemployment. D) to counter inflation. E) None of the above.
Economics