Supply-siders' policy recommendations include
a. lower tax rates, spending cuts, and increased government regulation
b. lower tax rates, spending cuts, and decreased government regulation
c. lower tax rates, spending increases, and decreased government regulation
d. lower tax rates, spending increases, and increased government regulation
e. higher tax rates, spending cuts, and decreased government regulation
B
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Every society faces trade-offs. Explain the concept of trade-offs
What will be an ideal response?
Alan Jones owns a company that sells life insurance. When he employs 10 salespersons his firm sells $200,000 worth of contracts per week, and when he employs 11 salespersons, total revenue is $210,000 . The marginal revenue product of the 11th salesperson is:
a. $410,000. b. $10,000. c. $20,000. d. $210,000.
The new growth theory emphasizes the critical role of ____ in modern economic growth
a. new machinery b. new knowledge c. new natural resources d. new government programs
A local forest provides habitat for deer that are harvested by hunters. The hunters receive what type of benefit in this case?
a. Direct use value b. Indirect use value c. Option value d. Bequest value e. Existence value