The national debt is the total amount the ________ government has ________ to make expenditures that exceed tax revenue

A) state and local; borrowed
B) federal; taxed U.S. citizens
C) state and local; taxed U.S. citizens
D) federal; borrowed
E) federal; loaned

D

Economics

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Surveys of consumers regarding labor standards indicate that they are willing to pay:

a. a large amount for a large improvement in working conditions. b. a small amount for a large improvement in working conditions. c. nothing for a large improvement in working conditions. d. a small amount for a small decline in working conditions.

Economics

Refer to Table 4-7. If a minimum wage of $12.50 an hour is mandated, what is the quantity of labor demanded?

A) 80,000 B) 550,000 C) 630,000 D) 1,180,000

Economics