Refer to the above table. The marginal propensity to consume is:
Answer the following question based on the table below which illustrates the multiplier process resulting from an autonomous increase in investment by $5.
A. 0.5
B. 0.75
C. 0.8
D. 0.9
B. 0.75
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Maximizing the level of output for a given total cost of production
A) necessitates using only relatively low-priced inputs. B) will maximize total revenue. C) is equivalent to producing the profit maximizing output level. D) is equivalent to minimizing cost for a given level of output.
The purpose of a political action committee is
a. to help elect officials sympathetic to its members' special interests b. to help elect officials who will enact fair legislation c. to raise money for public interest groups d. to exchange trade secrets e. to allow special-interest groups to be elected
Which would a taxpayer in the 35% tax bracket prefer: a $2,000 tax exemption or a $700 tax credit? What if the taxpayer were in the 25% tax bracket?
What will be an ideal response?
Which of the following is a legal barrier to entry?
i. public franchise
ii. government license
iii. patent
A) iii only
B) i and iii
C) ii and iii
D) i, ii, and iii
E) i and ii