The marginal revenue that would be derived from production of the second unit would be
A. $30.
B. $27.
C. $24.
D. $21.
C. $24.
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In a certain economy, the components of aggregate spending are given by:C = 100 + 0.9(Y - T) - 500rI = 150 - 1,000rG = 200NX = 50T = 100Given the information about the economy above, what is the short-run equilibrium output if the real interest rate is 4 percent?
A. 3,800 B. 350 C. 410 D. 3,500
If the MPC is 0.8, then the MPS is
A) 0.2. B) 1. C) 5. D) 8.
Charter schools
A. are public schools. B. operate under special state government charters. C. can experiment with a variety of approaches to education. D. have some independence in making spending and hiring decisions. E. all of these answer options are correct.
Most economists view capital controls:
A. favorably, since having them makes capital markets more efficient. B. favorably, since this is the main way for countries to exploit their comparative advantage. C. unfavorably. D. unfavorably, emphasizing their harmful effects on developing countries.