If the government were to regulate the way AT&T presents its phone plans, such a policy would be a:
A. tariff.
B. nudge.
C. tax.
D. push.
Answer: D
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Assume a company is at a point in production where marginal product is above average product. Which of the following must be true?
A. Diminishing marginal product must not have set in yet. B. Marginal product must be rising. C. Average product must be rising. D. All of these are true.
The money supply in Macroland is currently 2,500, bank reserves are 200, currency held by public is 500, and banks' desired reserve/deposit ratio is 0.10. Assuming the values of the currency held by the public and the desired reserve/deposit ratio do not change, if the Central Bank of Macroland wishes to increase the money supply to 3,000, then it should conduct an open-market ________ government bonds.
A. sale of 500 B. purchase of 250 C. purchase of 50 D. sale of 50
The opportunity cost of a decision is measured in terms of
A) the next best thing given u
Refer to the information above. What is the level of unintended inventory investment when income is 850?
A) -175 B) 175 C) -200 D) 200