The demand curve for a factor is that part of the MRP where marginal product is
A. rising.
B. falling.
C. positive.
D. negative.
Answer: B
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If a person takes $100 from his/her piggy bank at home and puts it in his/her savings account, then M1 will ________ and M2 will ________
A) not change; increase B) decrease; not change C) decrease; increase D) increase; increase E) increase; decrease
Refer to Figure 20.3 below. Suppose the equation that equates excess burden to the tax rate can be written as EB = t 2 , where EB is excess burden and t is the tax rate.
(A) Suppose the tax rate t is initially 12 percent. How much excess burden is generated?
(B) If the tax rate doubles to 24 percent, what happens to excess burden?
Which of the following is a microeconomic problem?
a. frictional unemployment. b. structural unemployment. c. cyclical unemployment. d. natural unemployment. e. inflation.
Unscrupulous managers have learned ways to manipulate stock options and undermine their benefits to stockholders. Discuss some provisions that could be built into the process to curb such practices