Governments have to rely on taxes for financing because
A) they cannot borrow unlimited amounts.
B) they usually spend all of the gold reserves.
C) gold prices have fallen steadily over the years.
D) they are not allowed to sell bonds.
A
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The increase in the unemployment rate during a recession is associated with which type of unemployment?
A. Structural unemployment B. Cyclical unemployment C. Nominal unemployment D. Frictional unemployment
Perfect competition and monopolistic competition are similar in this one respect:
a. firms make zero economic profit in the long run b. firms produce at the lowest point on their ATC curves c. there are few firms in each industry d. entry is difficult e. firms produce differentiated products
A consumer possesses five pounds of bananas and values their total utility at $2.14 . If one additional pound is acquired and marginal utility is 11 cents, total utility will
a. rise to $2.25. b. fall to $2.03. c. stay the same. d. fall to $2.11.
How do rising prices slow resource depletion?