Supporters of supply-side economics would be most likely to argue ________ government intervention to reduce inequality by focusing on its effects on ________.
A. in favor of; economic growth
B. in favor of; politics
C. against; fairness
D. against; economic growth
Answer: D
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Sweet Treats sells its extra-large cupcakes for $10 each and the firm has a constant marginal cost of $6 per cupcake, which is equal to its (constant) average total cost. If Sweet Treats does not sell a cupcake the day it is produced, it is sold as day-old for $4. Sweet Treats should hold the number of cupcakes in inventory that makes the probability of selling that quantity of cupcakes or more
equal to ________. A) 0.50 B) 0.66 C) 0.75 D) 0.33
In the model Q = ?e + µ, management cannot readily observe:
A. Q and ?. B. e and µ. C. Q and e. D. Q and µ.
A business cycle is the:
A. period of time in which expansion and contraction of economic activity are equal. B. period of time in which there are three phases: peak, depression, and recovery. C. recurring growth and decline in real GDP. D. period of time in which a business is established and ceases operations.
Under Temporary Aid to Needy Families (TANF), a recipient loses their cash benefits when they get a job.
Answer the following statement true (T) or false (F)