A government subsidy per unit of output increases supply.
Answer the following statement true (T) or false (F)
True
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If you know that total fixed cost is $200, total variable cost is $600, and total product is 4 units, then average total cost must be
A. $200. B. $250. C. $3,200. D. $800.
The Keynesian view stresses that:
a. demand creates its own demand. b. there is direct relationship between consumer spending and disposable income. c. when aggregate expenditures (demand) can be forever less than full-employment output therefore prolonged unemployment will persist. d. all of these are true.
Which of the following determines how much money an individual will decide to hold?
a. Investment spending b. Income taxes c. The price level d. The supply of money e. Real GDP
Public goods are those for which there:
A. is no free-rider problem. B. are no externalities. C. are nonrivalry and nonexcludability. D. are rivalry and excludability.