A policy of tariff reduction in the computer industry is
A) in the interest of the United States as a whole and in the interest of computer producing regions of the country.
B) in the interest of United States as a whole but not in the interest of computer producing regions of the country.
C) not in the interest of the United States as a whole but in the interests of computer producing regions of the country.
D) not in the interest of the United States as a whole and not in the interests of computer consumers.
E) not in the interest of the United States as a whole but in the interests of foreign computer producers.
B
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Which of the following offers the fullest explanation of why "price equals marginal cost" is the rule from marginal analysis that indicates the profit-maximizing output level?
a. If output were reduced from the profit-maximizing level, then the firm would be giving up marginal revenue that exceeds marginal cost, and thus reducing the level of profit. b. If output were increased from the profit-maximizing level, then the firm would be gaining marginal revenue that is less than the marginal cost incurred in producing this additional unit, and thus reducing the level of profit. c. Because the firm colludes with other similar firms to set price equal to marginal cost. d. Both a. and b. above are correct.
Social insurance programs are conditioned on events, rather than means
Indicate whether the statement is true or false
When employers discriminate, they: a. may believe that they have sound economic reasons for doing so. b. may pay the price in lost earnings and productivity
c. may subject themselves to civil action. d. may be characterized by all of the above.
A rise in MPC makes the total expenditures (TE) curve __________ and __________ the multiplier
A) steeper; raises B) steeper; lowers C) flatter; raises D) flatter; lowers