Suppose Sam's Shoe Co. makes only one kind of shoe, which sells for $50 a pair. If they sold 500,000 pairs of shoes, then their total revenue would be:

When will the difference between the actual deficit and the structural deficit be the smallest?

A. In a major recession B. In a major recession C. At full employment D. In an inflationary gap

Which of the following might be a method that the government could use to correct a negative externality?

A. an effluent fee on waste from the production of goods that create negative externalities B. encouraging overallocation of resources of production of goods that create negative externalities C. government subsidies to producers of goods that create negative externalities D. financing additional production of goods that create negative externalities