If there is an unemployment problem, what might policy makers increase to stimulate demand in an economy?
a. payroll taxes
b. government spending
c. interest rates
d. austerity measures
b. government spending
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The Bretton Woods agreement was signed at Bretton Woods, New Hampshire, in
A) 1944. B) 1929. C) 1970. D) 1973.
In what market type does an individual firm face a perfectly elastic demand curve?
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
The marginal cost of collecting information:
A. is independent of the amount of information that has already been acquired. B. is now zero because of the Internet. C. falls as more information is collected. D. rises as more information is collected.
Which of the following is a microeconomic question?
A. Should the government decrease unemployment benefits to reduce the unemployment rate? B. Why do some countries have higher inflation rates than other countries? C. Should the government subsidize corn farmers to encourage the production of ethanol? D. Should congress decrease taxes to help stimulate the economy?