If there is an increase in world taxes ________
A) domestic investment would fall
B) net exports would increase
C) the domestic interest rate would go down
D) all of the above
E) none of the above
C
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How can it be that the U.S. spends more on education than many other nations, and achieves far worse results? What may be the underlying reason?
A President of the United States promises to simultaneously produce more defense goods without any decreases in the production of other goods. Under which of the following conditions could such a promise be valid?
A) if the U.S. were producing at a point on its production possibilities curve B) if the U.S. were producing inside its production possibilities curve C) if the U.S. were producing to the right of its production possibilities curve D) none of the above; the production possibilities curve must shift to the right
What is the natural rate of unemployment, and what types of unemployment constitute the natural rate of unemployment?
What will be an ideal response?
The ________ curve intersects the average variable cost curve at the minimum value of the average variable cost curve.
A. average fixed cost B. marginal cost C. total cost D. total variable cost