The multiplier effect on aggregate demand of a tax cut is less than the multiplier effect of an equal increase in government spending
Indicate whether the statement is true or false
true
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Which of the following countries has the largest union membership measured as the percentage of civilian employees in unions?
a. The United States. b. Japan. c. The United Kingdom. d. Sweden.
Economists determine what consumers can afford using a budget constraint line shown on a line graph where the horizontal axis shows _________________ and the vertical axis shows __________________.
a. the quantity of one good/the quantity of another good b. utils/total utility c. the quantity of available goods/the amount of money the consumer has to spend d. the amount of money the consumer has to spend/total utility
When total revenue minus total economic cost is greater than zero, the firm is
a. earning higher than normal profits. b. earning the normal profit rate. c. making economic losses. d. earning economic profit but accounting losses.
What is the four-firm market share (C4) in this market?
a. 0.5 b. 0.6 c. 0.7 d. 0.8