Increased government spending on unemployment insurance during a recession is an example of:
A. an automatic stabilizer.
B. discretionary fiscal policy.
C. expansionary fiscal policy.
D. contractionary fiscal policy.
A. an automatic stabilizer.
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As long as the marginal revenue curve lies above the horizontal axis,
a. total revenue must exceed total cost b. the total revenue curve must have a positive slope c. marginal revenue must exceed marginal cost d. profit must be rising e. the firm must be earning a profit
In 2011, federal government receipts were approximately
a. $4,000 per person and federal government spending was approximately $8,000 per person, resulting in a budget deficit. b. $8,000 per person and federal government spending was approximately $12,000 per person, resulting in a budget deficit. c. $12,000 per person and federal government spending was approximately $8,000 per person, resulting in a budget surplus. d. $8,000 per person and federal government spending was approximately $4,000 per person, resulting in a budget surplus.
The average federal matching assistance percentage across the U.S. received by the typical state is approximately _____ percent of overall Medicaid spending.
a. 75 b. 60 c. 50 d. 70 e. 55
Which of the following is an example of a negative externality?
A) There is an increase in injuries to pedestrians caused by accidents resulting from electronic billboards distracting drivers. B) The opening of a new shopping mall increases the business of nearby restaurants. C) A consumer pays a higher price than another consumer does for the same product. D) Consumers pay a sales tax in addition to the price of a product.