The revenue received from the sale of ________ of a product is a marginal benefit to the firm
A) an additional unit B) only profitable units
C) the total number of units D) no units
A
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In 1940 _____ of the population over 25 had a college degree
a. less than 5 percent b. around 10 percent c. around 15 percent d. more than 20 percent
In the price system
A) prices are set by government action. B) consumers alone set the price. C) producers alone set the price. D) prices are set by the interaction of supply and demand.
Which of the following statements about the Social Security tax is not true?
A. It is a regressive tax. B. It is imposed on employees only. C. It is a payroll tax. D. It came into existence in 1935.
An attempt to use government spending to boost the economy may bring
A. deflation. B. anarchy. C. inflation. D. fiscal instability.