If an economist claims there are substitutes for clean air, he is really saying
A) clean air is free air.
B) there are costs to cleaning the air.
C) nobody is truly harmed by unclean, polluted air.
D) dirty air is better than clean air.
E) economists don't care for clean air.
B
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The table above shows the short-run product schedule for Virginia's Tee-Shirts. What is the marginal product associated with the hiring the fifth worker?
A) 30 shirts B) 50 shirts C) 235 shirts D) 250 shirts
Refer to the accompanying table. If the price of Good A is $5 and the price of Good B is $4, then the rational spending rule is satisfied when the consumer purchases ________ units of Good A and ________ units of Good B.UnitsMarginal Utilityof Good AMarginal Utilityof Good B1304022733315244814
A. 4; 2 B. 3; 3 C. 3; 2 D. 1; 3
Suppose individuals now believe that there will be a future tax cut. This reduction in expected future taxes will cause which of the following to occur in the current period?
A) the LM curve to shift down B) the LM curve to shift up C) the IS curve to shift rightward D) the IS curve to shift leftward E) none of the above
With respect to the corporate taxation of a monopolist, the capital owners bear most of the burden of the tax.
Answer the following statement true (T) or false (F)