Public saving equals taxes minus government spending minus transfer payments
Indicate whether the statement is true or false
TRUE
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A firm is operating with an optimal combination of inputs. Suddenly the price of one input rises. The firm should
a. buy less of that input and more of the other input. b. change its input mix so that the marginal physical product of the input whose price has risen falls and the marginal physical product of the other input rises. c. buy less of whichever input now has the highest money price and more of the other input. d. reduce its output.
Ceteris paribus which of the following is likely to cause an outward shift of the production possibilities curve?
A.) Investment in telecommunications networks. B.) The deportation of illegal immigrants. C.) An increase in the unemployment rate. D.) A tax increase on factors of production.
Which of the following will shift the demand curve for a good?
A) a change in the technology used to produce the good B) an increase in the price of the good C) a decrease in the price of a complementary good D) a decrease in the price of the good
___ is the Ability and motivation to process a message is low; receiver focuses more on peripheral cues than on message content
Fill in the blank(s) with the appropriate word(s).