A tax cut ________ aggregate demand and ________
A) decreases; shifts the AD curve rightward
B) increases; shifts the AD curve leftward
C) increases; shifts the AD curve rightward
D) decreases; shifts the AD curve leftward
E) does not change; does not shift the AD curve
C
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A totally pollution free environment should be a primary social goal
a. True b. False Indicate whether the statement is true or false
If the world price for good A is below the domestic price for good A without trade, then consumer surplus will ________ and total economic surplus will ________ with trade.
A. increase; decrease B. decrease; increase C. decrease; decrease D. increase; increase
In this graph, which of the following accurately describes the point where the ATC curves touches the demand curve?
a. The long-term price equals the average total cost at the equilibrium quantity.
b. The short-term price equals the average total cost at the profit quantity.
c. The long-term price equals the marginal cost at the equilibrium quantity.
d. The short-term price equals the marginal total cost at the profit quantity.
Medicaid, welfare payments, and Temporary Assistance to Needy Families are classified as
A) unilateral payments. B) transfer payments. C) gifts. D) income redistribution payments.