Mudbug College in Louisiana is trying to convince Louisiana taxpayers that the tax dollars spent at Mudbug College are well spent. One of the college's arguments is that for every $1 spent by Mudbug College an additional $4 of expenditures are generated within Louisiana. Mudbug College is arguing that the multiplier for their expenditures is
A. 0.25.
B. 1.
C. 4.
D. 25.
Answer: C
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The table above has the market demand schedule in an industry that has two firms in it
The marginal cost of this product is zero because these two firms have exclusive ownership of the resource and it does not cost any additional amount to produce additional units. a) If the firms cooperate with each other so that they operate as a monopoly, what price will they charge and what (total) output will they produce? b) If the firms cannot cooperate but instead behave as perfect competitors, what will be the price and the (total) output they produce?
The World Bank was created as a result of the Bretton Woods conference and was originally focused on the reconstruction of Europe after World War II
Indicate whether the statement is true or false
If there is an increase in income, which of the following is true?
a. The demand for complementary goods decreases. b. The demand for substitute goods decreases. c. The demand for normal goods decreases. d. The demand for normal goods increases. e. The supply for all goods decreases.
The determinants of macro outcomes include all of the following except
A. Prices. B. Policy levers. C. Internal market forces. D. External shocks.