Starting with a situation where there is a substantial budget ...

[mrsjacobs44]

Starting with a situation where there is a substantial budget deficit, when tax revenues grow faster than federal expenditures, the government will experience:
 a. a balanced budget.
  b. an increasing national debt.
  c. a declining budget surplus.
  d. a declining budget deficit.
  e. an increasing budget deficit.

Question 2

Steel producers offer to sell steel to U.S. auto producers at a much lower price than in the past. As a result one would expect:
 a. no change in the supply of automobiles.
 b. an increase in the demand for automobiles.
  c. an increase in the supply of automobiles.
  d. a decrease in the supply of automobiles.

[jordangronback]

Answer to Question 1

d

Answer to Question 2

c

[mrsjacobs44]

Excellent

[meow1234]

Gracias!