Assuming GDP remains constant, which of the following will increase Country A's balance on goods and services?
a. Reduced saving.
b. Decreased taxes.
c. Increased investment
d. Reduced government spending.
e. None of the above.
.D
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The increasing cost in the law of increasing cost is a(n) ____________ cost.
A. average B. fixed C. opportunity D. declining
If it turned out that labor supply was relatively elastic then who would bear the greater burden of the payroll tax and why?
What will be an ideal response?
Bailey is married with no children. Based on the table showing income distribution in the United States in 2017, if Bailey earns $200,000 per year, what is the minimum amount her husband would have to earn to put them in the top 5% of earners?
a. $33,557
b. $54,620
c. $61,508
d. $145,380
Suppose that a regulated industry experiences an increase in the price of inputs used to produce the good. According to the share-the-gains, share-the-pain theory, we would expect
A. prices to increase by a little immediately and profits to decrease by a lot. B. a quick increase in price maintains profits in the industry. C. no increase in price. D. there will be some increase in price but not immediately.