You are given the following budget data for a country that has both a central government and local governments
(a) How much is the deficit for the central government, the local government, and the total of the central and local governments?
(b) How much is the primary deficit for the central government, the local government, and the total of the central and local governments?
(a) 175, 10, 185
(b) 50, 50, 100
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The above figure shows the market for anti-freeze. The government imposes the sales tax shown in the figure on sellers. Automobile owners would pay a larger part of this tax than what is shown in the figure if the
A) demand were more elastic. B) demand were more inelastic. C) supply were more inelastic. D) None of the above because the buyers always pay the entire amount of the tax.
Featherbedding refers to the practice of: a. disallowing members from joining labor unions
b. hiring lesser number of laborers than what is required. c. terminating employment without notice. d. hiring more laborers than what is necessary.