If the MPC = 0.75, then the spending multiplier must be:
A. 5
B. 4
C. 3
D. 1.25
Answer: B
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Who is the Basel Committee? Discuss both their involvement in the Concordat as well the role of the Concordat in international banking
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Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars SoldTrucks SoldLarry105Joe99Ralph312 Based on last month's data, Ralph's opportunity cost of selling a truck is selling:
A. 3 cars. B. 4 cars. C. 1/4 of a car. D. 1/3 of a car.
Based on the pie chart showing federal government revenue, the two sources that combine to provide roughly 80% of federal revenue are ______.
a. individual income tax and corporate income tax
b. corporate income tax and social insurance tax
c. social insurance tax and individual income tax
d. miscellaneous other tax and social insurance tax
Refer to the information provided in Figure 15.1 below to answer the question(s) that follow. Below are cost curves for Dom's Barber Shop, a monopolistically competitive firm. 
Figure 15.1 Refer to Figure 15.1. If Dom's maximizes profits, its ________ equals $320.
A. variable cost B. profit C. total revenue D. total cost