The size of the underground economy would tend to increase if the government of a country
A) increased income tax rates.
B) decreased government regulations on businesses.
C) legalized prostitution.
D) legalized marijuana.
A
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Under President Eisenhower the problem of inflation.
A. got a lot worse. B. got a little worse. C. got a little better. D. got a lot better.
Which of the following is ALWAYS true for a profit-maximizing single-price monopolist?
A) P = MC B) P = MR C) MR = MC D) MC = ATC
Productive efficiency requires production at a quantity such that:
a. MC = MR b. MC = ATC c. MC = D d. ATC = D
An increase in the real interest rate will increase the
a. current market value of assets yielding income in the future. b. size of the inflationary premium. c. cost of current consumption goods relative to future consumption. d. net present value of $100 to be received one year from now.