The government collects tax revenue of $100 million and has $105 million in outlays. The budget balance is a
A) surplus of $5 million.
B) deficit of $5 million.
C) surplus of $105 million.
D) deficit of $105 million.
E) surplus of $100 million and a deficit of $105 million.
B
Economics
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In the above figure, which wage rate yields the highest union employment?
A) W1 B) W2 C) W3 D) W2 - W1
Economics
A firm that acquires a substitute product can try to reduce inter-product cannibalization by
a. Doing nothing b. Repositioning its product or the substitute so that they do not directly compete with each other c. Pricing each product at the same level d. Lowering the prices on both the products
Economics