If output is rising then each of the following must be constant or rising except
A. total cost.
B. variable cost.
C. marginal cost.
D. fixed cost.
C. marginal cost.
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The exchange-rate arrangement that emerged from the Bretton Woods conference is often referred to as the:
a. dollar exchange standard. b. euro exchange standard. c. gold exchange standard. d. silver exchange standard. e. flexible exchange rate standard.
The above figure shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for raising goats on a common pasture
A quota to prevent the overuse of the common pasture sets the number of goats to be raised equal to ________. A) 0 goats B) 40 goats C) 50 goats D) 55 goats
Using the fiscal year 2014 estimates, the largest component of federal revenue is the
A) individual income tax. B) corporate income tax. C) excise tax. D) social insurance and contributions.
If the marginal propensity to consume (MPC) is 0.9, the spending multiplier will be
A) 10. B) 1.11. C) 0.9. D) 0.1.