Budget surplus:
What will be an ideal response?
an excess of total government
tax revenues over total government
outlays
Economics
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Someone who says he loves his mother far more than he loves football but nonetheless attends a football game when he could be visiting his mother
A) displays weakness of will. B) is a hypocrite. C) is behaving inconsistently with his own stated values. D) places a lower marginal value on visiting his mother than on attending the football game. E) shows that the marginal value of visiting his mother is less for him than the marginal cost of attending the football game.
Economics
The economy of South Korea would best be classified as:
A. pure capitalism. B. a command system. C. a market system. D. socialism.
Economics