The type of policy that involves changes in taxes or spending by the federal government is known as:
A) fiscal policy.
B) monetary policy.
C) strategic financial policy.
D) federal policy.
A
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Computer memory chips are produced on wafers, each wafer having many separate chips that are separated and sold. The above table shows costs for a perfectly competitive producer of computer memory chips
If the market price of a wafer is $2,400 dollars, how many wafers will the firm produce? A) 0 B) 4 or 5 C) 3 or 4 D) 1 or 2 E) 6
"OPEC should supply more oil so that the world's economies can grow more rapidly." This is an example of
A) a normative statement. B) a positive statement. C) a decision at the margin. D) OPEC overcoming scarcity.
All of the following are possible ways to avoid price wars EXCEPT:
a. customer segmentation with revenue management b. growing the market c. reference prices and framing effects d. to not start one e. a through c f. a through d Indicate whether the statement is true or false
Does an increase in the demand for Introductory Economics increase the cost to students of taking the course?
A) No, because tuition rates are not set to clear the market.
B) Not if the college refuses to hire additional people to teach the course.
C) Yes, if the course is consequently taught in a larger room, which costs more to heat.
D) Yes, insofar as students have to accept less satisfactory class schedules in order to take the course.