The theory of the communists could be summed up in a single phrase: ______________________________.
Fill in the blank(s) with the appropriate word(s).
the abolition of private property
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If government increases spending and wants to maintain a balanced budget, it should
A) increase taxes by an amount equal to the increase in spending multiplied by the tax multiplier. B) decrease taxes by an equal amount. C) increase taxes by an equal amount. D) decrease taxes by an amount equal to the increase in spending multiplied by the tax multiplier.
We know that a firm is paying way below the market wage rate if
A. the number of applications for a job posting is low and the quit rate is high. B. the number of applications for a job posting and the quit rate are low. C. the number of applications for a job posting and the quit rate are high. D. the number of applications for a job posting is high and the quit rate is low.
We can find the market demand for pears by:
A. adding all the prices people are willing to pay for pears. B. multiplying the number of people times the price of pears. C. adding the number of pears that producers are willing to sell. D. adding the individual demand curves for pears.
How will a decrease in technology from a natural disaster such as a hurricane, ceteris paribus, affect an economy's production possibilities curve?
A. Shift the curve inward. B. Shift the curve outward. C. Result in a movement along the curve. D. Result in a movement from inside the curve to a point on the curve.