?Which of the following factors did not contribute to the federal budget surpluses in the 1990s?
a. ?Higher taxes on the rich
b. ?More federal government spending discipline
c. ?Slower consumer spending
d. ?Rising business optimism based on technological innovation
e. ?Market globalization
Answer: c. ?Slower consumer spending
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Interest is ultimately
A) any return on investment. B) the price of money. C) unearned income. D) the difference between the subjective value of a good now and a good later.
If a firm shuts down in the short run, then
a. total revenue and total cost drop to zero b. total revenue drops to zero, but the firm must still pay its fixed cost c. total revenue drops to zero, but the firm must still pay some variable cost d. total cost drops to zero, but the firm still earns some residual revenues e. neither total revenue nor total cost drops to zero
Refer to the information provided in Figure 6.9 below to answer the question(s) that follow.
Figure 6.9Refer to Figure 6.9. The marginal utility of the first video game rental is
A. 8. B. 10. C. 25. D. 40.
The supply of resources, level of technology, and the quality of an economy's institutional arrangements provide the constraint that determines the shape of the
a. short-run aggregate supply curve. b. long-run aggregate supply curve. c. supply of loanable funds. d. aggregate demand curve.