Geometrically, marginal cost at any level of output may be interpreted as the slope of
A. the total cost curve at that level of output.
B. the average variable cost curve at that level of output.
C. a ray to the total cost curve at that level of output.
D. the isoquant at that level of output.
Answer: A
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Regional Federal Reserve Banks
A) are located in each of the 50 states. B) are run by the governors of the states in which they are located. C) provide general banking services to the public. D) None of the above answers is correct.
Which of the following is an individual mandate in the new the federal government's new national health care program?
A) Under the new program, the federal government will coordinate the establishment of health insurance exchanges. B) Firms with at least 50 employees must either provide health insurance or pay fines when uninsured employees receive tax subsidies to purchase insurance. C) A tax rate of 3.8 percent will be assessed on nearly all earnings above $200,000 per year for individuals and above $250,000 per year for married couples. D) Nearly all U.S. residents must either purchase health insurance coverage or pay a fine of up to $750 per year for an individual (up to $2,250 per year for a family).
One of the problems with official poverty statistics is that they
a. do not account for inflation. b. are not adjusted annually. c. omit in-kind transfers, such as food stamps. d. omit Medicare payments.
One of the most famous cartels is OPEC.
Answer the following statement true (T) or false (F)