The costs affecting decisions to supply are always
A) accounting costs.
B) marginal costs.
C) past costs.
D) per unit costs.
E) non-taxable costs.
B
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Consider a game in which a player has a dominant strategy.
(i) If the game is played sequentially and the player moves first, will he necessarily choose his dominant strategy? Explain. (ii) If the game is played sequentially and the player moves second, will he necessarily choose his dominant strategy? Explain.
Which of the following does NOT decrease aggregate demand in the United States?
A) a decrease in GDP in Germany B) a decrease in government spending C) a decrease in the price of oil D) a decrease in the supply of money
Differentiate between a progressive tax system and a regressive tax system
What will be an ideal response?
Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher