From a monetarist perspective, an expansionary fiscal policy's effect on aggregate demand would be offset by:
A. The buying of government securities by the Treasury
B. The selling of government securities by the Treasury
C. A cut in the Federal funds rate
D. A cut in the discount rate
B. The selling of government securities by the Treasury
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In profit centers
a. Managers are easy to evaluate because there is a simple metric of how well they performed b. Managers typically do not have the information to run their division efficiently c. Managers' decisions rarely affect other divisions d. Managers typically do not have the incentives to run their division efficiently
When the market for a good is in equilibrium,
a. consumer surplus will equal producer surplus. b. the total value created for consumers will equal the total cost of production for business firms. c. all units valued more highly than the opportunity cost of production will be supplied. d. all units that have value will be produced, regardless of their cost of production.
Human needs and wants are
a) always fixed. b) unlimited. c) limited. d) likely to decrease over time
Refer to the accompanying table. Pat's opportunity cost of delivering a pizza is making: Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. 3/2 of a pizza. B. 2/3 of a pizza. C. 12 pizzas. D. 10 pizzas.