To determine the efficient level of "public good" provision the logic of markets does not hold
Indicate whether the statement is true or false
F
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Maryanne expects to work for another 30 years and expects to live another 10 years after she retires
If Maryanne completely smooths consumption over her lifetime, for every $1,000 increase in disposable income, she will use ________ for consumption each year. A) $100 B) $333 C) $667 D) $750
A consumer is in equilibrium when the slope of his or her indifference curve is equal to his or her budget constraint
a. True b. False Indicate whether the statement is true or false
The two taxes that together provide the U.S. federal government with almost 80 percent of its revenue are
a. individual income taxes and property taxes. b. individual income taxes and corporate income taxes. c. individual income taxes and payroll taxes. d. sales taxes and payroll taxes.
In the short run
a. wages are slow to adjust to changes in supply and demand b. most producers will reduce their production levels when inflation rises c. business sales revenues rise slower than costs, when inflation occurs d. all