Nigeria has an absolute advantage in the production of
A. basketballs.
B. Barbie dolls.
C. both basketballs and Barbie dolls.
D. neither basketballs nor Barbie dolls.
C. both basketballs and Barbie dolls.
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A cash-payment welfare program, where eligibility is no longer an entitlement but emphasizes welfare-to-work is
a. food stamps b. Medicare c. Social Security d. TANF e. SSI
Higher saving is associated with
a. a larger capital stock and a higher standard of living. b. a larger capital stock but not a higher standard of living. c. a higher standard of living but not a larger capital stock. d. neither a higher standard of living nor a higher capital stock.
Which of the following affects the ATC curve for a firm but not the MC curve?
A. A change in payroll taxes. B. A change in the price of the good. C. A change in profit taxes. D. A change in property taxes.
If the tax multiplier is -2.22, the MPC is
A. 0.82. B. 0.78. C. 0.69. D. 0.31.