What are the factors that will determine the size of some future required tax increase to pay off all debt?
What will be an ideal response?
The factors will include: the size of the debt at that time, how long it will take to pay off the debt, and the interest rate on the existing debt.
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Firms are able to price discriminate
A) when all customers are uninformed about quality differences. B) when no customers are uninformed about quality differences. C) when some customers are uninformed about quality differences. D) when there is full information about quality available to all customers.
In the Cournot model, each firm's ________ shows the firm's optimal, profit-maximizing output given its rival's output.
A. dominant strategy B. collusive response C. price leadership decision D. reaction function
If people who have children also tend to own dogs, we can say there is a positive correlation between having children and dog ownership.
Answer the following statement true (T) or false (F)
When economic agents transfer resources through time, it is referred to as:
A) clockwise transformations. B) time-wise transformations. C) chronological transformations. D) intertemporal transformations.