The one variable that stands out as the most significant explanation of large variations in living standards around the world is

Most economists would consider it sensible for the federal government to ________ its current operating and capital expenditure budgets and then ________

A) consolidate, never borrow to fund it B) consolidate, borrow what is necessary to fund it C) separate, borrow what is necessary to fund the current operating budget. D) separate, borrow what is necessary to fund the capital expenditure budget.

If the price of a good decreased, a. It would also increase the quantity exchanged if it was caused by an increase in demand

b. It would also decrease the quantity exchanged if it was caused by an increase in supply. c. We would not know how quantity would change if we didn't know whether it was due to a change in demand or a change in supply. d. All of the above would be true.