Fiscal policy consists of
A. changes in exchange rate par values.
B. changes in government expenditures and taxes.
C. changes in the official settlements balance.
D. changes in money supply and interest rates.
Answer: B
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Which of the following variables are needed to determine the break-even quantity?
a. Marginal costs b. Fixed Costs c. Selling Price d. All of the above
When price falls, demand rises
a. True b. False Indicate whether the statement is true or false
If the public decides to hold more currency and fewer deposits in banks, bank reserves
a. decrease and the money supply eventually decreases. b. decrease but the money supply does not change. c. increase and the money supply eventually increases. d. increase but the money supply does not change.
Economies of scale refer to:
A. the fact that large producers may be able to use more efficient technologies than smaller producers. B. public investments in highways, schools, utilities, and such. C. the reallocation of labor from less-productive to more-productive uses. D. the idea that proprietorships are less bureaucratic and therefore more efficient than corporations.