What are the two critical measures of a nation's economic health?
A) sales and taxes B) wages and raises
C) income and spending D) production and income
D
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As student reasons that "If I didn't go to class tonight, I would spend three hours at work where I earn $10 per hour. In addition, my annual parking permit costs the equivalent of $2 per day.". The opportunity cost to that student of attending that class this evening is: a. $0
b. $2. c. $30. d. $32.
To internalize a negative externality: a. a producer's costs could be reduced by an amount equal to the external cost resulting from the production of a good. b. a producer's costs could be increased by an amount equal to the external cost resulting from the production of a good. c. a producer could receive a subsidy equal to the external cost resulting from the production of a good
d. None of the above are correct.
The largest component of private investment expenditure is
a. inventories b. the capital stock c. new home construction d. purchases of newly-produced plant and equipment e. government investment in private industries
When a government reduces its budget deficit, then that country's
a. supply of loanable funds shifts right. b. supply of loanable funds shifts left. c. demand for loanable funds shifts right. d. demand for loanable funds shifts left.