Systemic income inequality peaked at the time of the tech boom in the ________ and peaked again just ________.
A. 1960s; after the financial crisis
B. 1970s; prior to the financial crisis
C. 1970s. after the financial crisis
D. 1990s; prior to the financial crisis
Answer: D
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The slope of the total production curve becomes:
A. negative when marginal product decreases. B. flatter when marginal product decreases. C. steeper when marginal product decreases. D. None of these is true.
A share representing a portion of ownership in a corporation:
a. liability b. dividend c. note of Stockholm d. stock e. bond
When the economy enters a recession, automatic stabilizers create:
A. higher taxes. B. more discretionary spending. C. budget deficits. D. budget surpluses.
Assume the price of Advil increases. As a result, you decrease the quantity of Advil purchased each month and purchase more Tylenol. This is an example of the:
A. income effect. B. utility effect. C. consumption effect. D. substitution effect.