Marginal benefits are the:
A. incremental benefits of a decision.
B. average benefits of a decision.
C. present discounted benefit of a decision.
D. total benefits of a decision.
Answer: A
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Describe the difference between discretionary and automatic fiscal policy
What will be an ideal response?
Most countries in the world have Gini coefficients ranging from:
A. 0.20 to 0.85. B. 0.25 to 0.60. C. 0.10 to 0.50. D. 0.30 to 0.40.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.
Aggregate Supply increases when
A. government regulations proliferate. B. raw materials' prices rise. C. wages fall. D. wages rise.