In the u. s., how is the deficit different than the national debt? a. the national debt does not include payments made to other countries b. the national debt is getting smaller each year c. the deficit is related to the gross domestic product d. the deficit only includes shortfalls in the budget for the current fiscal year which of the following is true in a command economy? a. consumers have many choices b. the government decides which goods are produced c. business owners decide which goods to produce d. the government makes no economic decisions find a loving dog owner, and you'll probably find someone who can't go on vacation. what happens to the dog? does a neighbor check in on it? is it kept in a cage at the vet? kayla wants to give pet owners in her town a new option. she wants to set up a center where people going on vacation can bring their dogs to be watched and cared for. kayla is making choices based on a. scarcity b. supply c. resources d. competition in a market economy, prices are determined by supply and demand. how is the price of an item affected if the supply goes down? a. the price of the item will go down b. the price of the item will stay the same c. the price will go down, but then it will go up d. the price of the item will go up suppose that the minimum wage in the united states is $5 per hour. in an attempt to workers, the government raises the minimum wage to $10 per hour. which of the following would be an argument against increasing the minimum wage? a. prices will increase and consumers will look elsewhere to buy the items they want b. the price of goods and services will go down and businesses will make less mone c. production will decrease because workers will have less incentive to work hard d. there will be fewer jobs available because employers have to pay each worker more money. how is the unemployment rate calculated? a. the number of unemployed workers divided by the total labor force b. the number of unemployed workers divided by the total population c. the number of unemployed workers divided by the number of employed workers how would an increase in the number of people driving fuel-efficient cars affect the marketplace? a. the supply of gasoline would go down b. the price for gasoline would go up c. the demand for gasoline would go down d. there would be shortages of gasoline