Government spending conducted for the purpose of achieving full employment, price stability, or economic growth is an example of
A) fiscal policy. B) monetary policy.
C) interest-rate policy. D) exchange-rate policy.
A
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Tolls for government turnpikes have features of a tax based on _____
a. the benefit principle b. the ability-to-pay principle c. the Ramsey rule d. redistribution
Which of the following best represents the effects of a decrease in the price of coffee, other things being equal?
a. A leftward shift in the demand curve for coffee. b. A downward movement along the demand curve for coffee. c. A rightward shift in the demand curve for coffee. d. An upward movement along the demand curve for coffee.
According to economists, which of the following is NOT a factor of production?
A. Land. B. Entrepreneurship. C. Labor. D. Money.
The points on a production possibilities curve show
A. Potential output. B. Desired output. C. Actual output. D. None of the choices are correct.