Author Question: When government outlays exceed tax revenues, the situation is called a budget A) surplus. B) ... (Read 79 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
When government outlays exceed tax revenues, the situation is called a budget
 
  A) surplus.
  B) deficit.
  C) with a negative balance.
  D) with no balance.
  E) debt.

Question 2

The law of demand refers to the fact that, other things remaining the same, when the price of a good rises,
 
  A) the demand curve shifts rightward.
  B) the demand curve shifts leftward.
  C) there is a movement down along the demand curve to a larger quantity demanded.
  D) there is a movement up along the demand curve to a smaller quantity demanded.
  E) the demand curve shifts rightward and there is a movement up along the demand curve to a smaller quantity demanded.



Jmfn03

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

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?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

For a complete list of videos, visit our video library