A firm that faces a downward sloping demand curve is
A) a price taker.
B) a price provider.
C) a price searcher.
D) a price creator.
C
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The personal distribution of income measures which of the following?
A) the distribution of earnings by the factors of production B) proportion of income generated by the four types of expenditures on goods and services C) the distribution of income among households D) the distribution of income among nations E) how federal tax revenues are related to the type of businesses that employs the taxpayers
There are circumstances under which the corporation tax is equivalent to an economic profits tax.
A. True B. False C. Uncertain
The increase in government spending on unemployment insurance payments to workers who lose their jobs during a recession and the decrease in government spending on unemployment insurance payments to workers during an expansion is an example of
A) discretionary monetary policy. B) automatic stabilizers. C) automatic monetary policy. D) discretionary fiscal policy.
Refer to the accompanying figure. Which of the following is true?
A. Points B, C, E and F are efficient. B. Point F is the most efficient because medical care is the highest there. C. Point D is efficient because it requires using the fewest resources. D. Point A is efficient because it is farthest from the origin.