An example of fiscal policy would be government:
A. increasing the amount of available educational grants.
B. decreasing the income tax.
C. increasing corporate income taxes.
D. increasing money supply.
D. increasing money supply.
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Explain what entrepreneurship is and why it is considered a factor of production
What will be an ideal response?
A monopolist faces a downward-sloping demand curve because:
a. the demand for its product is inelastic. b. the industry demand curve is horizontal. c. resource prices increase as the monopolist expands output. d. the entire market demand curve is the monopolist's demand curve.
A farmer sells five pounds of pecans to a Smith's Fresh Pecans for $10 . Smith's Fresh Pecans resells three pounds for $4.50 per pound. The remaining pecans are shelled and canned and sold for a total of $8.00 Taking these transactions into account, how much is added to GDP?
a. $22.50 b. $29.50 c. $21.50 d. $31.50
Refer to the accompanying table. Corey's opportunity cost of making of a pizza is delivering: Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. 1/2 of a pizza. B. 2 pizzas. C. 3/2 of a pizza. D. 2/3 of a pizza.