When it comes to figuring out who wants to be an organ donor, the answer depends on:
A. how you ask the question.
B. the default rule.
C. whether presumed consent exists in the organ donation program.
D. All of these statements are true.
D. All of these statements are true.
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap.
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
When the government attempts to improve equality in an economy the result is often
a. an increase in overall output in the economy. b. additional government revenue since overall income will increase. c. a reduction in equality. d. a reduction in efficiency.
The above table shows the daily production possibilities for a bakery. Currently the bakery bakes 60 pizzas and 180 loaves of bread, that is at alternative C.Using the above table, what is the opportunity cost of moving from alternative C to alternative D?
A. 30 loaves of bread B. 60 loaves of bread C. 1/2 loaf of bread D. 2 loaves of bread
If the market price for a good produced by a price taking firm is $8, the firm's total revenue is
A. downward sloping. B. a flat line at P=$8. C. parabolic. D. an upward sloping line beginning at the origin and having a slope of 8.