Reductions in private spending as a result of increased government spending or the need to finance a budget deficit is called
A) pushing in.
B) rushing forth.
C) crowding in.
D) crowding out.
D
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When Mark recruits a new motor mechanic in his car repair and service workshop, the number of cars serviced in a day increases by five. If the number of servicing orders received by Mark remains the same, it implies that:
a. the marginal physical product of the new motor mechanic is five. b. the marginal revenue product of the new motor mechanic is zero. c. the marginal revenue product of the new motor mechanic is five. d. the marginal physical product of the new motor mechanic is zero.
In the United States, labor earnings are about what percent of total income?
a. 75 percent b. 70 percent c. 67 percent d. 50 percent
What is the opportunity cost of attending class today?
What will be an ideal response?
Compared to a perfectly competitive market, a monopoly tends to produce
a. more output and charge a higher price b. the same amount of output, but charge a higher price c. less output and charge a higher price d. less output and charge the same price e. less output and charge a lower price