If a consumer's budget line for food (F) and shelter (S) is represented as F = 250 - 5S, we know that

In the U.S. economy, the effect on federal tax revenues and spending of a decrease in employment is to:

a. cut tax revenues and raise expenditures. b. cut spending and raise tax revenues. c. raise both tax revenues and expenditures. d. cut both spending and tax revenues.

Sometimes, when goods are produced and consumed, side effects are felt by people who are not directly involved in the market exchanges. In general, these side effects are called

A. Coase effects. B. externalities. C. public goods. D. internalities. E. none of the above