In the above figure, the y-coordinate of point b is
A) 1.
B) 2.
C) 3.
D) 14.
D
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In the arena of decision making, the choice that will automatically take place if the chooser fails to make an active decision is called the:
A. processing option. B. default option. C. choice option. D. auto option.
The monopolist's demand curve is
a. downward sloping and identical to the market demand curve b. downward sloping and identical to the marginal revenue curve c. downward sloping and lies below the marginal revenue curve d. a horizontal line at a price consistent with maximum profit e. a U-shaped curve that lies above the U-shaped ATC curve
Conservatives and liberals ___ on the causes of poverty and ___ on how to solve the poverty problem.
A. agree; agree B. agree; disagree C. disagree; agree D. disagree; disagree
Fiscal policy refers to
A) efforts to balance a government's budget. B) changes in the money supply to achieve particular economic goals. C) changes in government expenditures and taxation to achieve particular economic goals. D) the change in private expenditures that occurs as a consequence of changes in government spending.