If the government knew the precise values of the multiplier and potential income, fine-tuning the economy would:
A. be more difficult.
B. be possible.
C. be much easier, but mistakes would still occur occasionally.
D. still be very difficult.
Answer: D
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Which of the following countries imposes significant tariffs on its agricultural exports?
A) Argentina B) The U.S. C) Canada D) France.
One of the causes of World War I was _________
a. the deteriorating standards of living in Europe. b. the assassination in Serbia of Austrian Archduke Ferdinand. c. Europe had experienced several wars in recent decades that spilled over into World War I. d. the European working class was increasingly fractured and nationalistic.
Markets provide
A) information. B) prices. C) incentives. D) all of these choices.
The marginal physical product of labor is the
A) total output divided by the number of labor employed. B) wage that must be paid to labor. C) value of sales divided by additional labor used. D) change in output generated by a unit change in labor.