Which of the following factors did not contribute to the federal budget surpluses in the 1990s?
a. Higher taxes on the rich
b. More federal government spending discipline
c. Market globalization
d. Slower consumer spending
e. Rising business optimism based on technological innovation
d
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A change in the price of one good results in a rotation of the budget line, so that it is steeper or flatter
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true?
A. Thanks to the popularity of deregulation in the 1960s, by the end of the decade the airlines were free to set their own prices and select their own routes. B. Before deregulation, the Interstate Commerce Commission sometimes forced truckers to take roundabout routes and to return with empty trucks from long hauls. C. Airfares have stayed about the same after deregulation as they were before deregulation took place. D. Deregulation in various industries that took place in the 1980s has been an unqualified success, except in the airlines industry.