The change in the interest rate brought on by a change in Real GDP is referred to as the __________ effect
A) liquidity
B) expectations
C) income
D) nominal
C
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Which of the following statements regarding the trucking industry is correct?
A) The recession of 2007 -2009 caused many trucking firms to exit with many firms filing for bankruptcy. B) The trucking industry most closely resembles an oligopoly. C) Even though there is a high degree of competition, firms in the trucking industry are able to sustain positive economic profits as a result of a substantial degree of product differentiation. D) The trucking industry was largely unaffected by the recession of 2007-2009 mainly because the industry is comprised by large firms with significant market power.
A good that is neither rival nor exclusive is called
a. a private good b. a public good c. a quasi-private good d. an external good e. an open access good
The Tax Cut of 2001
A. permanently eliminated the inheritance tax. B. lowered the minimum marginal tax rate from 15 percent to 10 percent. C. will lower the top marginal tax rate to 23 percent by the end of the decade. D. expires in 2006.
You may incorrectly conclude that an idea no other person has implemented is highly profitable because:
A. you misunderstood how people would respond to incentives. B. you miscalculated the trade-offs people face. C. you misjudged people's wants and constraints. D. All of these.