A proponent of supply-side economics would advocate
A. reducing income taxes on saving.
B. reducing tax credits for research and development.
C. eliminating the depreciation allowance.
D. increasing the corporate income tax.
Answer: A
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A monopolistically competitive firm is producing an output level at which marginal revenue is less than marginal cost. This firm should __________ quantity and __________ price to increase profit or reduce losses
a. increase, increase b. increase; decrease c. decrease; increase d. decrease; decrease e. increase; not change
Firms operating in a _____ market sell their products in a market where other firms produce identical products
a. monopoly b. perfect competitive c. monopsony d. duopoly
When the demand for loanable funds rises, the amount of money borrowed will ___________.
A. rise B. decline C. be unchanged
Adverse selection occurs when there is
A) full information. B) unobserved behavior. C) an unobserved characteristic. D) a worker who shirks because his boss does not watch him.