If the going rate of interest were 8 percent and the expected profit rate were 14 percent, then the opportunity cost of a firm carrying out a $100,000 project for one year with its own funds would be

In a steady-state economy with no population growth, output per worker is 35, the saving rate is 20 percent, and the depreciation rate is 11 percent. The level of capital per worker is ________

A) 64 B) 19 C) 39 D) 28

Fiscal policy is the use of government purchases and taxes to alter RGDP and the price level

a. True b. False Indicate whether the statement is true or false

Which statement is true?

A. Most economists support rent control laws. B. Usury laws and rent control are price ceilings. C. Usury laws have never had any effect because they are set well above interest rates. D. None of these choices are true.

The marginal benefit from buying a particular unit of a good

A) is the amount paid for the unit plus the consumer surplus of the unit. B) increases as market price increases. C) is the difference between the amount paid for the unit and the market price of the unit. D) is the difference between the total benefit of the unit and the marginal cost of producing that unit. E) None of the above answers is correct.