Which of the following is likely to be the least important factor for firms in determining production location?
A. Costs of environmental protection standards
B. Transportation costs
C. External economies of scale
D. Comparative cost advantage
Answer: A
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Refer to the table above. If Tom has a taxable income of $62,000, he faces a marginal tax rate of ________
A) 10% B) 15% C) 20% D) 30%
Which of the following changes will shift the money demand rightward?
a. An increase in the price level b. A decrease in real GDP c. A decrease in the nominal interest rate d. An increase in the nominal interest rate e. A decrease in the price level
The aggregate-demand curve shows that a decrease in the price level
a. decreases the dollar value of goods and services demanded in the economy. b. decreases the real value of goods and services demanded in the economy. c. increases the dollar value of goods and services demanded in the economy. d. increases the real value of goods and services demanded in the economy.
Why are public goods provided by the government, rather than by the private sector?
A. because it would be difficult for a private sector firm to make a profit providing a public good, since consumers who benefit would not have to pay for it B. because they are large-scale projects that require the kind of financing only governments can generate through the issuance of bonds C. because private sector firms do not have the foresight to plan for public goods D. because no one really benefits from public goods