Which of the following would lead domestic investment to rise?
A) an increase in government spending throughout the world
B) an increase in world taxes
C) an increase in world autonomous consumption
D) all of the above
E) none of the above
B
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Louise is unemployed due to a decrease in the demand for workers with a knowledge of a certain word processing language. This is an example of:
a. cyclical unemployment. b. frictional unemployment. c. involuntary unemployment. d. structural unemployment.
Describe the two basic philosophies of taxation fairness
The value of the marginal product is equal to the marginal revenue product under perfect competition in the product market because:
a. price is equal to average revenue. b. price is equal to average cost. c. marginal revenue is equal to marginal cost. d. price is equal to marginal revenue. e. average revenue is equal to average cost.
The aggregate demand curve shifts left if either
a. speculators gain confidence in U.S. assets or foreign countries enter into recession. b. speculators gain confidence in U.S. assets or recessions in foreign countries end. c. speculators lose confidence in U.S. assets or foreign countries enter into recession. d. speculators lose confidence in U.S. assets or recessions in foreign countries end.