Suppose there are two countries that are identical in every way with the following exception. Country A is pursuing a fixed exchange rate regime and country B is pursuing a flexible exchange rate regime. Suppose taxes are increased in both countries rises by the same amount. Given this information, we know that
A) the change in output in A will be greater than in B.
B) the change in output in B will be greater than in A.
C) the change in output will be the same in both countries.
D) the relative output effects are ambiguous.
A
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An increase in the unemployment rate would be shown on a production possibilities curve by
A. shifting the entire curve outward. B. shifting the entire curve inward. C. moving from a point on or near the curve to a point closer to the origin, rather than shifting the entire curve. D. moving from a point inside the curve to a point on the curve, rather than shifting the entire curve.
Which of the following is not part of the "state health insurance marketplaces" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Each state is required to establish an Affordable Insurance Exchange. B) Low-income individuals are eligible for tax credits to offset the costs of buying health insurance. C) Small businesses with fewer than 50 employees are exempt from being required to participate in the program. D) None of the above are a part of the "state health insurance marketplaces" provision.
To find a firm’s total revenue at every quantity, all you need to know is
A. the demand curve for its product. B. the demand curve for its product and its total cost. C. its profit-maximizing price and quantity. D. its total profit curve.
On a bar graph comparing a firm's economic profit with its accounting profit, it will always be TRUE that
A) explicit costs will be greater in the column representing accounting profit. B) explicit costs will be greater in the column representing economic profit. C) total revenue will be greater in the column depicting accounting profit. D) opportunity costs will be missing from the column depicting accounting profit.