All of the following are automatic fiscal stabilizers EXCEPT
A) a congressionally mandated decrease in tax rates to stimulate the economy.
B) a decrease in unemployment compensation payments during an expansion.
C) a decrease in overall tax revenues during a recession.
D) an increase in unemployment expenditures during a recession.
A
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Refer to Common Property II. If the common property is privately owned, the amount of the good supplied equals
The following questions refer to the accompanying diagram, which shows the benefits and costs associated with the use of a common property.
a. QO
b. QC
c. zero.
d. none of the above.
Bundling:
A. is the practice of selling a single product in bulk at a reduced per unit price. B. is the practice of selling several products together as a package. C. is the practice of selling the same good to different types of consumers at different prices. D. is the practice of selling different goods to different types of consumers at different prices.
Which of the following is an accurate definition of a market?
a. a specific place where stocks are bought and sold b. a specific place where companies exchange goods c. a process of buyers and sellers exchanging goods and services d. a process of companies setting their preferred price
To maximize profits, a firm should continue to increase production of a good until:
A. profits are zero. B. total revenue equals total cost. C. average cost equals average revenue. D. marginal revenue equals marginal cost.