With a linear production function there is a:
A. perfect complementary relationship between all inputs.
B. variable-proportion relationship between all inputs.
C. fixed-proportion relationship between all inputs.
D. perfect substitutable relationship between all inputs.
Answer: D
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Increasing the amount of consumption spending and reducing the amount of savings ________ investment expenditures, and ________ long-run economic growth in the economy
A) decreases; increases B) increases; decreases C) increases; increases D) decreases; decreases
Suppose last year Moe faced a 25% marginal tax rate. This year tax rates increased and now Moe faces a 30% marginal tax rate. Moe may choose to work fewer hours this year because:
What will be an ideal response?
Part B of Medicare covers
A. doctor visits outside of a hospital. B. prescriptions taken out of the hospital. C. only charges incurred in a hospital. D. all health care needs.
Today, the Dow Jones Industrial Average
A. consists of 30 stocks. B. is a set group of stocks that remains constant over time. C. contains stocks that are widely held by institutional investors and individuals. D. contains both stocks and bonds of large American companies. E. a and c