The national debt
A. Equals the dollar amount of outstanding U.S. Treasury bonds.
B. Will be paid off when the budget is finally balanced.
C. Is paid off each fiscal year when the debt is refinanced.
D. Will never be paid off in any given year, but it will be entirely paid off when it is refinanced over a number of years.
Answer: A
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Refer to the table above. What is the average fixed cost of producing 110 units of the good?
A) $1.36 B) $1.72 C) $37.50 D) $150
A productivity growth slowdown can be shown as year-to-year fluctuations of real GDP around potential GDP
Indicate whether the statement is true or false
If stricter immigration laws are imposed and many foreign workers in the United States are forced to go back to their home countries,
A) we will move down along the long-run aggregate supply curve. B) we will move up along the long-run aggregate supply curve. C) the long-run aggregate supply curve will shift to the right. D) the long-run aggregate supply curve will shift to the left.
The optimal level of resource use comes when
a. MRP exceeds input price. b. MRP is less than input price. c. MRP equals input price. d. use of the resource exhausts the producer's funds.