The government debt is equal to the ... plus ...
What will be an ideal response?
sum of past deficits; the current deficit
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Refer to the table above. The marginal product of workers falls below zero when the ________ worker is hired
A) first B) fourth C) sixth D) seventh
If policymakers use a pollution tax to control pollution, the tax per unit of pollution should be set
A) equal to the marginal external cost at the economically efficient level of pollution. B) equal to the marginal private cost of production at the economically efficient level of pollution. C) equal to the amount of the deadweight loss created in the absence of a pollution tax. D) at a level low enough so that producers can pass along a portion of the additional cost onto consumers without significantly reducing demand for the product.
During World War II, whenever interest rates would rise and the price of bonds would begin to fall, the Fed would
A) lower reserve requirements. B) raise reserve requirements. C) make open market purchases of government securities. D) make open market sales of government securities.
Consumers should continue to rearrange their consumption of two goods until:
a. the prices of the two goods are equal for the last dollar spent on each good. b. marginal utility is the same for each good for the last dollar spent on each good. c. the marginal utility per dollar's worth of the two goods is the same for the last dollar spent on each good. d. the same amount of each is purchased.