In response to the "Great Depression 2.0" the Obama administration responded with more tax cuts, increased federal spending, and aid to state and local governments
a. True
b. False
Indicate whether the statement is true or false
True
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In determining the optimal capital budget, one should choose those project's whose ____ exceeds the firm's ____ cost of capital
a. internal rate of return, average b. internal rate of return, marginal c. internal rate of return, historic d. average rate of return, marginal e. none of the above
Regulation in the labor market is not necessarily undesirable, but should be subject to the:
A. principle of comparative advantage. B. principle of increasing opportunity cost. C. cost-benefit principle. D. scarcity principle.
The first antitrust act in the U.S. was the
A. Federal Trade Commission Act. B. Clayton Act. C. Cartels Legislation Act. D. Sherman Act.
Consumer equilibrium exists when:
A. the marginal utility of each good and service consumed is equal. B. the total utility of each good and service consumed is equal. C. the marginal utility of each good and service consumed equals its price. D. ratio of marginal utility to price for all goods and services is equal.