The only way to stop the growth of the national debt is to eliminate the budget deficits that create debt.
Answer the following statement true (T) or false (F)
True
A balanced annual budget is the first step in debt reduction. To reduce the debt there must be a budget surplus where tax revenue exceeds government spending.
Economics
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When an externality is present, the market equilibrium is
a. efficient, and the equilibrium maximizes the total benefit to society as a whole. b. efficient, but the equilibrium does not maximize the total benefit to society as a whole. c. inefficient, but the equilibrium maximizes the total benefit to society as a whole. d. inefficient, and the equilibrium does not maximize the total benefit to society as a whole.
Economics
List the four determinants of an economy's productivity
Economics