Using the data in the above table, if the government sector runs a deficit of $250 billion and net exports equal -$500 billion, then saving must equal

Mamma's Honey sells locally produced raw honey at an equilibrium price of $12 a jar and an equilibrium quantity of 200 jars. Which of the following is most likely to be true if the government begins to pay a $3-per-jar subsidy to the seller? a. The price paid by buyers will increase

b. The price received by sellers will decrease. c. The quantity demanded by buyers will decrease. d. Total surplus will decrease.

Kathleen pays an annual tax on her Porsche. The tax is based on the market value of her car. This is an example of a(n) _____

a. excise tax b. estate tax c. capital gains tax d. personal property tax