Direct expenditure offsets are
A) the discretionary changing of government expenditures to achieve a higher employment level.
B) the decrease in planned investment that occurs as the result of an increase in interest rates.
C) the same as the Ricardian equivalence theorem.
D) the decrease in spending in the private sector in areas in which the government is competing.
D
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Because it is more extensive, first-degree price discrimination is more profitable for the firm than is third-degree price discrimination
Indicate whether the statement is true or false
Which of the following statements does NOT describe a function of money?
A) a store of value B) a hedge against inflation C) a standard of deferred payment D) a unit of accounting
The Robinson-Patman act
a. Is a part of the antitrust laws b. Makes it illegal to give a price discount on a good sold to another business c. Is also known as the Anti-Chain-store Act d. All of the above
Pa and Pb represent the prices that citizens (a) and (b), the only two people in this nation, are willing to pay for additional units of a quantity (Qc) of the public good. Qs represents the quantity of the public good supplied by government at each of the collective prices.QcPaPbQs1$4$552344324342325121Refer to the above information. If the collective willingness to pay for an additional unit of this public good is $6, then the collective quantity demanded will be:
A. 2 units and the socially optimal quantity supplied will be 4 units. B. 4 units and the socially optimal quantity supplied will be 2 units. C. 3 units and the socially optimal quantity supplied will be 3 units. D. 1 unit and the socially optimal quantity supplied will be 5 units.