During an inflationary period with full employment or near-full employment,
a. a progressive income tax structure will worsen inflation.
b. unemployment taxes paid by workers will be low.
c. total unemployment benefits will be maximized.
d. lower disbursements for unemployment compensation will moderate inflation.
d. lower disbursements for unemployment compensation will moderate inflation.
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A firm has two customers and creates a two-part tariff with a usage fee (P) that exceeds the marginal cost of production and leaves each customer with positive consumer surplus such that CS2 > CS1 > 0
If the firm sets the entry fee equal to CS2, then the number of customers that actually buy the product is equal to: A) zero. B) one. C) two. D) We don't have enough information to answer this question.
The marginal rate of substitution is: a. the total amount a consumer is willing to trade to get another good
b. the rate at which the consumer is willing to trade one good to gain one more unit of another good. c. is reflected by the slope of the indifference curve. d. characterized by both b. and c.
If the price level in the United States increases, domestic goods will become relatively more expensive than foreign goods. Consumers will import more and reduce the quantity of domestic goods and services they buy
a. True b. False Indicate whether the statement is true or false
Suppose the country of Dingo experienced an economic trough in January 2004. We can conclude that...
What will be an ideal response?