The primary distinction between an expenditure that is on budget and an expenditure that is off budget is _____
a. that all off-budget expenditures are entitlements
b. that all on-budget expenditures are public goods or quasi-public goods
c. that Congress has determined the expenditures should be on budget or off budget
d. a and b
c
Economics
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A trade surplus occurs when
A) the value of imports is greater than the value of exports. B) government spending is less than total tax revenue. C) consumption is greater than disposable income. D) none of the above.
Economics
If Wisconsin cheddar cheese sells for $3.00 per pound in the United States and for 27.90 pesos in Mexico, what is the exchange rate between the dollar and the peso (assuming PPP holds)?
a. $1 = 2.79 pesos b. $1 = 7.90 pesos c. $1 = 9.30 pesos d. $1 = 27.90 pesos
Economics