Supply-side advocates believe that when taxes and regulations are too burdensome, people will:
a. save less
b. work less.
c. provide less investment capital.
d. do all of the above.
d
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What are the basic differences between bonds and stocks?
A pure monopsony exists in a labor market when
A. a labor union dominates the labor market. B. a single buyer buys all of a given type of labor that has few other employment opportunities. C. only a few firms purchase the services of labor in the market. D. many competing firms purchase the services of labor in the market.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.
The difference between total utility and marginal utility is that:
a) Total utility is the complete satisfaction from consuming a good while marginal utility is the satisfaction from consuming one additional unit of a good. b) Both represent the satisfaction obtained from most all goods and services. c) Total utility is the satisfaction from consuming a good while marginal utility is the satisfaction from consuming services. d) Total utility is the satisfaction from consuming one additional unit of a good while marginal utility is the complete satisfaction from consuming a good.