Which of the following has NOT slowed productivity in the last 30 years?
A. The effects of 9/11
B. The rising cost of health care
C. The influence of special interest groups
D. The high cost of computers
D. The high cost of computers
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Intertemporal decisions are
a. decisions in one period of time. b. decisions over time. c. decisions made without thinking about time. d. decisions involving infinity.
An improvement in technology that allows workers to process twice as many insurance forms in an hour than before will cause
a. more labor to be employed because its marginal revenue product has fallen. b. an increase in insurance premiums. c. fewer workers to be employed because their marginal revenue product has decreased. d. more workers to be employed because their marginal revenue product has increased. e. fewer workers to be employed because their marginal revenue product has increased.
Refer to the above table. The value of M1 is
A. $810 billion. B. $1,260 billion. C. $760 billion. D. $2,560 billion.
What determines the proportion of a unit excise tax that will be passed on to consumers in the form of higher prices?
A) the nature of the projects funded by the tax B) the number of additional taxes that consumers have to pay C) the popularity of the tax D) the degree to which quantity demanded and supplied of the good respond to price changes