A trade surplus occurs when
A) the value of imports is greater than the value of exports.
B) government spending is less than total tax revenue.
C) consumption is greater than disposable income.
D) none of the above.
D
Economics
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All of the following shift the short-run aggregate supply curve EXCEPT
A) a change in the price level. B) a change in the money wage rate. C) a change in the price of a raw material. D) technological progress.
Economics
If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is
A) proportional. B) unfair. C) progressive. D) regressive.
Economics