Refer to the information. If government spends $80 billion at each level of GDP, and imposes a lump-sum tax of $100:
The following information is for a closed economy:
A. equilibrium GDP will now be $350.
B. equilibrium GDP will now be $400.
C. equilibrium GDP will now be $300.
D. the equilibrium GDP cannot be determined.
A. equilibrium GDP will now be $350.
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Savings and loan associations created which type of money?
a. demand deposit accounts b. money market mutual fund accounts c. NOW account deposits d. money market mutual deposit accounts e. share-draft accounts
While the scientific method is applicable to studying natural sciences, it is not applicable to studying a nation's economy
a. True b. False Indicate whether the statement is true or false
(Appendix) If relative income standing and job safety both matter, then
A. workers will always be able to find the best suitable job. B. a free market environment for choosing both objectives can bring optimality. C. if no legislation occurs, workers will be unsafe and less equal in income standing. D. a prisoner dilemma problem may result where optimality requires collusion or a law requiring cooperation.
Claudia's Copy Shop is deciding which 3-D printer to purchase, and it only has room for one printer
It can purchase the "Mini-Me" small-object printer, which would generate benefits of $50,000 at a cost of $5,000, or it can purchase the "Gargantuan" large-object printer which would generate benefits of $250,000 at a cost of $25,000. Based on these numbers, Claudia's Copy Shop should purchase A) the "Mini-Me" printer. B) the "Gargantuan" printer. C) either printer, since the cost of each is exactly 10 percent of the benefit from each. D) neither printer, since the cost of each is too high for a 3-D printer.