This topic contains a solution. Click here to go to the answer

Author Question: When the government's outlays equal its tax revenues, then the budget A) is balanced. B) could ... (Read 62 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
When the government's outlays equal its tax revenues, then the budget
 
  A) is balanced.
  B) could be either in surplus or deficit.
  C) is legal only because expenditures equal tax revenues.
  D) is in surplus.
  E) is in deficit.

Question 2

Gasoline prices increase by 50 percent and other things remain the same. As a result, there is
 
  A) an increase in the demand for gasoline.
  B) a decrease in the demand for gasoline.
  C) no change in the quantity of gasoline demanded.
  D) a decrease in the quantity of gasoline demanded.
  E) More information is needed to determine if the demand for gasoline increases or decreases.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dpost18

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

A

Answer to Question 2

D




JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

For a complete list of videos, visit our video library