Vertical integration has no effect on the internal organization of a firm; it only affects the outside markets

A ________ occurs when government spending exceeds tax revenue

A) budget deficit B) negative externality C) consumer surplus D) positive externality

Firms in Thailand that had borrowed dollars while the baht was pegged to the dollar faced interest payments that were ________ than they had planned while the Thai government continued trying to defend the peg, because the baht had been pegged ________ the equilibrium exchange rate for the baht.

A) higher; above B) higher; below C) lower; above D) lower; below