If a local government collects taxes of $250,000, has $175,000 of government consumption expenditures, makes transfer payments of $75,000, and has no interest payments or investment, its budget would
A) show a surplus of $100,000.
B) show a surplus of $75,000.
C) be in balance with neither a surplus nor a deficit.
D) show a deficit of $75,000.
C
Economics
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The AD curve shows that as price increases, amount demanded will _________.
Fill in the blank(s) with the appropriate word(s).
Economics
Refer to Table 5.4. If outcomes 1 and 2 are equally likely at Job A, then in absolute value
A) W = X = $10. B) W = X = $20. C) W = Y = $100. D) W = Y = $200. E) W = Y = $300.
Economics