Automatic stabilizers
A. are a form of nondiscretionary fiscal policy.
B. include income taxes and cash assistance to the poor.
C. include in-kind assistance.
D. All of the choices are true of automatic stabilizers.
D. All of the choices are true of automatic stabilizers.
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Refer to Scenario 7.3. When Q = 200, what is the marginal cost?
A) 0 B) 5 C) 10 D) 15 E) 25
Suppose two power plants pollute a river and both firms operate under a system of marketable pollution permits. If it costs Firm A $90 to reduce pollution by 800 units per day, and Firm B can reduce costs by $115 by increasing pollution by 800 units per day:
A. the firms cannot gain by trading the right to pollute. B. both firms can benefit if Firm A trades the right to increase pollution by 800 units to Firm B for $70. C. both firms can benefit if Firm B trades the right to increase pollution by 800 units to Firm A for $120. D. both firms can benefit if Firm A trades the right to increase pollution by 800 units to Firm B for $100.
Since World War II the U.S. ________
A) has seen a substantial increase in the inflation rate B) has seen less frequent periods of deflation C) has seen a significant upward trend in real GDP D) all of the above E) none of the above
Which of the following is a government-inhibited good?
A) a lighthouse B) national defense C) public education D) cocaine