A cost curve drawn with years on the horizontal axis and costs per unit on the vertical axis would be a(n)
a. analytical cost curve.
b. long-run cost curve.
c. historical cost curve.
d. theoretical cost curve.
c
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If Aisha were to get a $3,000 bonus from her employer, which of the following tax rates would most accurately reflect the percent of this additional income that she would owe in taxes?
a. her marginal tax rate b. her average tax rate c. her progressive tax coefficient d. the rate of excess burden
A sign that Country A is under pressure to appreciate its currency is its:
a. Current account is in surplus. b. Overall balance is in surplus. c. Capital account is in surplus. d. Overall balance is in deficit. e. Reserves account is in surplus (i.e., positive).
transaction costs
What will be an ideal response?
One reason that "near-monies" are important is because:
A. they do not reflect the level of consumer spending, but they have a critical impact on saving and investment in the economy. B. they simplify the definition of money and therefore the formulation of monetary policy. C. credit cards synchronize one's expenditures and income, thereby reducing the cash and checkable deposits one must hold. D. they can be easily converted into money or vice versa, and thereby can influence the stability of the economy.