Other things the same, an increase in the price level induces less spending on
a. household consumption and investment
b. household consumption, but not investment.
c. investment, but not household consumption.
d. neither investment nor household consumption.
a
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The largest category of legal immigrants into the U.S. in 2011 was:
A. Family-sponsored immigrants B. Refugees C. Employment-based preferences D. Diversity immigrants
A steelmaking plant pollutes the air and water so __________
A. the marginal social cost of producing steel exceeds the marginal private cost by the amount of the marginal external cost B. the marginal social cost of producing steel is less than the marginal private cost by the amount of the marginal external cost C. the marginal private cost of producing steel equals the marginal ex-ternal cost plus the marginal social cost D. the marginal private cost of producing steel minus the marginal social cost equals the marginal external cost
How do we calculate the inflation rate and what is its relationship with the CPI?
What will be an ideal response?
Production through the firm is often more efficient than market exchange when
a. production requires many transactions among many resource owners b. production requires few transactions between two resource owners c. the cost of transacting business through market relations is less than the cost of undertaking the same activity within the firm d. inputs are easily identified, measured, priced, and hired e. the costs of determining inputs and negotiating contracts are low