The refers to times when the federal government spends more than it's revenue in a given year, the whereas is the accumulation of everything owed by the government plus interest.

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A: Total cost is the sum of fixed and variable costs. Fixed costs are the total obligations of the firm…

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A: Utility refers to the level of satisfaction a consumer obtains from the consumption of goods or…

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A: This can be described as a concept that shows the graphical representation that shows the different…

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A: In the United States, private health insurance is primarily purchased through group plans rather…

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A: Elasticity measures the percentage change in quantity due to percentage change in price. The price…

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A: The objective of the question is to identify the correct characteristic of a general partnership…

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A: A subgame perfect Nash equilibrium (SPNE) is a strategy profile in game theory that depicts the Nash…

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A: Country of origin (H)Opportunity cost: The cost of failing to produce the next best…

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A: Nominal GDP : Nominal Gross Domestic Product is the total market value of all goods and services…

Q: A

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A: A market is considered monopolistic if there is just one primary supplier of a good without a closed…

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A: Fiscal policy refers to the financial policy made by government to influence tax rate, savings and…

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A: Collusion as the name suggests is the situation where two or more players play to benefit…