The federal regulatory agency whose mission is to regulate workplace health and safety is the
A. SEC.
B. FTC.
C. AFL-CIO.
D. OSHA.
Answer: D
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Blutarsky is throwing a party at his Fraternity and is trying to choose what booze to buy. A bottle of vodka has four times the alcohol as a six-pack of beer
If Blutarsky only cares about the total amount of alcohol in his basket, what is his marginal rate of substitution of bottles of vodka for six-packs of beer? Devise a utility function to represent these preferences.
A budget line is a straight line designed to show
a. how income is related to hours worked. b. all combinations of two goods that can be purchased with a given income. c. the way a homemaker should divide money among several commodities. d. that if more money is spent on one good, the breadwinner must work all the harder to maintain a satisfactory level of living. e. preferences for goods and services.
Which of the following represents expansionary fiscal policy?
A. an increase in corporate income tax rates B. a reduction in government spending C. a decrease in average individual income tax rates D. an increase in marginal individual income tax rates
Since the demand for radishes is relatively elastic, a tax on radishes would be largely borne by radish farmers.
Answer the following statement true (T) or false (F)