All of the following were provisions of the 2009 American Reinvestment and Recovery Act except
A) a temporary extension of unemployment benefits.
B) expanded tax credits for parents for their children's college tuition.
C) a reduction in government-funded infrastructure spending.
D) a reduction in employees' payroll tax contributions.
C
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If production technologies are homothetic, all cost-minimizing production plans lie on the same ray from the origin for a given set of input prices.
Answer the following statement true (T) or false (F)
If the supply curve for housing has the normal positive slope, rent controls are likely to: a. increase the quantity of available housing
b. improve the quality of available housing c. create a larger shortage than if the supply curve were vertical. d. help low-income families find suitable housing.
The product-variety externality states the benefits to consumers from the introduction of a new product
a. True b. False Indicate whether the statement is true or false
The ratio at which a country can trade its exports for imports from other countries is called
A) a trade barrier. B) the terms of trade. C) autarky. D) a free trade agreement.