If you believe that expectations react slowly, you are likely:
a. a believer in rational expectations
b. a Keynesian
c. a theoretical economist
d. None of these.
b
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Interest deductibility does not provide an incentive for debt finance.
A. True B. False C. Uncertain
In an effort to increase government revenue, Congress and the president decide to increase the corporate profits tax. The likely result will be
A) the supply curve for bonds shifts to the left. B) the demand curve for bonds shifts to the left. C) the equilibrium interest rate rises. D) the equilibrium price of bonds falls.
Profit is the difference between:
a. total output and total costs. b. total revenue and total costs. c. total revenue and total sunk costs. d. total output and total sunk costs. e. total revenue and opportunity costs.
Refer to the following table:
What is the marginal cost of the 1st unit of the activity?
A. 15 B. 10 C. 0 D. 5 E. none of the above