A ________ occurs when government spending exceeds tax revenue
A) budget deficit
B) negative externality
C) consumer surplus
D) positive externality
A
Economics
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The total value of production from Ford's manufacturing plant in Cologne, Germany would be included in Germany's gross national product
Indicate whether the statement is true or false
Economics
The firm earns an economic profit whenever
a. price is less than average total cost b. marginal revenue exceeds total revenue c. average variable cost exceeds total revenue d. marginal cost minus average cost is positive e. price is greater than average total cost
Economics