According to your text, which group or organization makes choices?
A) Al Qaeda
B) New York City
C) The Microsoft Corporation
D) The Iraqi Government
E) None of the above.
E
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Refer to Figure 13.1. All else equal, an increase in corporate taxes would best be represented by a movement from
A) point A to point B. B) point B to point A. C) point B to point C. D) point C to point B.
Which of the following groups are most likely to oppose a balanced federal budget?
a. politicians b. economists c. economists and politicians d. households and politicians
When negative externalities are present in a market,
a. producers will be affected but consumers will not. b. producers will supply too much of the product. c. demand will be too high. d. the market will still maximize total benefits.
Graphically, the effects of an external benefit can be shown as
A) a leftward shift of the market demand curve. B) a leftward shift of the market supply curve. C) a downward movement along the market demand curve. D) a rightward shift of the market demand curve.