Which of the following trends has been observed in federal revenues and expenditures over time?
a. Expenditures were lower than the revenues in the 1998-2001 period.
b. Expenditures were lower than the revenues in the 1930s.
c. Expenditures were higher than the revenues in the 1998-2001 period.
d. Expenditures were more or less equal to the revenues in the 1930s.
e. Expenditures were more or less equal to the revenues in the 1998-2001 period.
Question 2
The difference between a change in quantity supplied and a change in supply is that a change in:
a. quantity supplied is caused by a change in a good's own, current price, while a change in supply is caused by a change in some other variable, such as input prices, prices of related goods, expectations, or taxes.
b. supply is caused by a change in a good's own, current price, while a change in the quantity supplied is caused by a change in some other variable, such as input prices, prices of related goods, expectations, or taxes.
c. quantity supplied is a change in the amount people want to sell, while a change in supply is a change in the amount they actually sell.
d. supply and a change in the quantity supplied are the same thing.
The declining age of menarche over the past 150 years has been measured in many European countries,
Emanuel Leutze’s Washington Crossing the Delaware (1851) is riddled with historical inaccuracies, mo
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