A federal budget ________ occurs when the government spends less than it collects in taxes

A) floor
B) surplus
C) equilibrium
D) deficit

B

Economics

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Using the Coase theorem, why might a firm that currently pollutes a river no one owns pollute the river less if it owned the river?

What will be an ideal response?

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The idea of comparative advantage is related to

A) the idea of opportunity cost. B) the idea of absolute advantage. C) using the worker with the most diverse sets of skills. D) engineering efficiency.

Economics