What's the firm's contribution margin per unit?
a. $12
b. $10
c. $8
d. $4
d
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With pollution permits, the supply curve for pollution rights is
a. perfectly elastic. b. perfectly inelastic. c. upward sloping. d. downward sloping.
Greater wealth makes people _____________ willing to spend on consumption, causing __________ the economy's AD curve
A) more; movement down along B) more; a rightward shift of C) less; movement up along D) less; a rightward shift of
The post hoc, ergo propter hoc fallacy consists of:
A. Using an example to "prove" a different point B. Inferring causality from chronological sequence C. Jumping to conclusions from an inadequate number of cases D. Arguing for or against a person's character rather than his view or opinion
Which of the following would NOT be a part of personal income?
A. retirement checks B. indirect business taxes C. corporate dividend payments to shareholders D. payments received from Social Security