The technique that addresses the problem of assigning inputs to specific industries is
A. known as laissez faire.
B. input-output analysis.
C. cost-benefit analysis.
D. a production possibilities frontier.
Answer: B
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Recall the Application. One difference between a value-added tax and an income tax is the value-added tax
A) is a progressive tax. B) is not a consumption tax. C) does not penalize individuals who save. D) is difficult to collect.
A Phillips curve is
A) the correlation between money growth and the inflation rate. B) the negative correlation between the unemployment rate and the vacancy rate. C) the positive observed correlation between the inflation rate and the nominal interest rate. D) an observed positive correlation between the inflation rate and some measure of aggregate economic activity.
The optimum capital structure
A) minimizes the cost of capital only. B) minimizes the stock price only. C) minimizes stock price will maximizing the cost of capital. D) minimizes the costs of capital while maximizing the stock price.
A rise in aggregate expenditure is always
a. smaller than the rise in income that causes it b. larger than the rise in income that causes it c. the same as the rise in income that causes it d. smaller than the increase in consumer spending that causes it e. smaller than investment spending