The market implications of taste-based discrimination were in part developed by:
A) Gary Becker.
B) Amartya Sen.
C) Simon Kuznets.
D) Paul Samuelson.
A
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From 2004 to 2006, the U.S. budget was ________, private saving was ________ domestic investment, and foreign borrowing was ________
A) in deficit, less than, needed to finance deficit B) balanced, roughly equal to, not needed to finance deficit C) balanced, less than, substantial. D) surplus, greater than, negligible
Some policies toward externalities provide incentives so that private decision makers will choose to solve the problem on their own. What name do we use for these types of policies?
Exhibit 8-4 Marginal cost and revenue for a firm UnitQuantity Marginal Cost Marginal Revenue 12 $ 5 $9 13 6 9 14 7 9 15 8 9 16 9 9 17 10 9 In Exhibit 8-4, what is this firm's profit-maximizing rate of output?
A. 13. B. 14. C. 15. D. 16.
Suppose output is $35 billion, government purchases are $10 billion, consumption is $15 billion, and net exports are $4 billion. Assume net factor payments equal 0.(a)Calculate the equilibrium amount of investment. Show your work.(b)Calculate the equilibrium amount of absorption. Show your work.(c)Calculate the equilibrium amount of the financial account balance. Show your work.
What will be an ideal response?