Karl Marx published:
a. The Wealth of Nations.
b. General Theory of Communism.
c. Das Kapital.
d. Capitalist Manifesto.
c
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In the Keynesian model with a fixed money wage but a flexible price level, an increase in taxes will lower
a. output and the price level, but leave the interest rate unchanged. b. output, the price level and the interest rate. c. output and the interest rate, but leave the price level unchanged. d. output and the price level, but increase the interest rate. e. the price level and the interest rate, but leave output unchanged.
A small business owner earns $60,000 in revenue annually. The explicit annual costs equal $40,000. The owner could work for someone else and earn $25,000 annually. The owner's business profit is ________ and the economic profit is ________
A) $20,000, $5,000 B) $20,000, -$5,000 C) $25,000, -$5,000 D) $45,000, -$5,000
The growing use of computers led to a substantial increase in the overall U.S. productivity growth from 1995 to 2005
a. True b. False Indicate whether the statement is true or false
When you pay for a new CD with a debit card, you authorize the transfer of money from your account to the music store's account. In other words, a payment by debit card is the electronic form of a payment by _____.
(A) Money order (B) Check (C) Cashier's check (D) Credit card