Refer to the table shown. Marginal cost:Output(bicycles per week)Total cost (dollars)110022003310444055806730790081,200
A. decreases and then increases.
B. never increases.
C. increases and then decreases.
D. never decreases.
Answer: D
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What is a cyclically adjusted budget deficit or surplus, and how is it used to determine whether discretionary fiscal policy is expansionary or contractionary?
What will be an ideal response?
The age-earning cycle usually begins
A) at relatively high income levels. B) at relatively low income levels. C) once a worker reaches 25 years of age. D) only when a worker is employed full time.
The balance of payments and the balance of trade are
a. exactly the same thing. b. not exactly the same thing but are always equal. c. two different and unrelated things. d. two different things, but one is a part of the other.
Tax revenues can rise as a result of a decrease in income tax rates, as long as the tax base increases sufficiently
Indicate whether the statement is true or false