An increase in government spending without an accompanying increase in taxes
A) does not increase aggregate demand.
B) would effectively eliminate an inflationary gap.
C) causes investment spending to increase.
D) requires additional government borrowing.
D
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Earth Movers & Shakers operates 3 iron ore mines. The table below shows each mine's total daily production and the current number of miners at each mine. All miners work for the same wage, and each miner in any given mine produces the same number of tons per day as every other miner in that mine. Total TonsPer DayNumber ofMinersMother Lode10025Scraping Bottom3010Middle Drift7515The opportunity cost of moving one miner from Mother Lode to another mine is:
A. 4 tons per day. B. 1 ton per day. C. 2 tons per day. D. 3 tons per day.
Prices set too low can actually be against the public interest
a. True b. False Indicate whether the statement is true or false
Which type(s) of economies interact with other economies?
a. only closed economies b. only open economies c. closed economies and open economies d. neither closed nor open economies
In a perfectly competitive market, economic forces are controlled by government policy makers.
Answer the following statement true (T) or false (F)