The three main categories of government outlays are
A) net interest payments, government investment, and government consumption expenditures.
B) net government subsidies, the government deficit, and government purchases.
C) government purchases, transfer payments, and net interest payments.
D) government consumption expenditures, government investment, and transfer payments.
C
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Which of the following is necessary for a monopolist to price discriminate between groups?
A) The groups are identifiable. B) The groups have different willingness to pay. C) A customer from one group cannot resell to a customer in another group. D) All of the above conditions are necessary for the monopolist to price discriminate.
The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity. What is the area of deadweight loss when Light-U-Up is regulated and follows a marginal cost pricing rule?
A) abd B) acg C) deg D) There is no deadweight loss.
Refer to Figure 10.1. Suppose the individual is initially at point b. Based on the figure, the individual is currently:
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A. a saver, which is his optimal choice.
B. a borrower, which is his optimal choice.
C. a saver, though borrowing would increase his utility.
D. a borrower, though saving would increase his utility.
Which of the following best characterizes the relationship between real GDP and aggregate expenditures under the aggregate expenditure model?
a. unimportant b. inverse c. dependent d. uncertain