A tax on golf clubs will cause buyers of golf clubs to pay a higher price, sellers of golf clubs to receive a lower price, and fewer golf clubs to be sold
a. True
b. False
Indicate whether the statement is true or false
True
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Currently, the U.S. national debt is more than $20 trillion
a. True b. False Indicate whether the statement is true or false
Which of the following is true?
a. As the national debt increases relative to GDP, interest on the debt relative to GDP declines. b. As the national debt decreases relative to GDP, interest on the debt relative to GDP rises. c. As the national debt increases relative to GDP, interest on the debt relative to GDP rises. d. The national debt relative to GDP has been constant in recent years. e. The national debt relative to GDP has been falling in the last few years.
Name some important lessons learned from the financial crisis
If the marginal cost were $16, output would be
A. 1.
B. 2.
C. 3.
D. 4.