<u>Answer:</u>
By “long-term challenges to our fiscal health”, President George W Bush means the things that will slow government spending.
<u>Explanation:</u>
- In his 2006 budget message, President George W Bush speaks about restraining the government expenditure in order to meet the near term and the long term fiscal challenges facing the country.
- In order to reduce the fiscal deficit, President Bush had planned to implement his plan of cutting down the expenditure on numerous policies and schemes run by the government.
Answer:
B. (iii) only
Explanation:
Economists normally assume that the goal of a firm is to earn
(iii) revenues as large as possible, even if it reduces profits.
The reason for economist to normally assume the goal of a firm is to earn revenues as large as possible, even if it reduces profits, is that, while achieving more profit is what can make firm to keep running, there are times when rather than maximizing the profits alone, the economist look at the long run and seeks to generate more sales or total revenue, even if it decreases the profit generated, so as to increase the firm market share relative to its competitors.
Hence, economist seeks to maximize profits, while making higher number of sales.
In short, the seek the following:
1. Growth Maximization
2. Increasing Market Share
3. Satisfying Behavior
4. Maximizing Sales or Total Revenue
In international trade, an exchange rate is a number that is used to show the value of one currency compared to another.
Maybe if the planet signifies a weather?
