Suppose that initially there is no public debt. Using the above table, the public debt over this four year period would have
A) increased by $215.
B) decreased by $100.
C) increased by $1,375.
D) decreased by $1,590.
A
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Consider an industry with two firms producing similar products. Each firm's total cost (in dollars) is given below. Mega Corp: TC = 5,000 + 100Q Big Inc: TC = 4,000 + 200Q For both firms, average total cost:
A. declines as quantity increases. B. declines as quantity increases for Mega Corp and increases as quantity increases for Big Inc. C. increases as quantity increases. D. is constant for all quantities.
Will MPC plus MPS always equal one? Explain why or why not
The rate of interest that the Federal Reserve charges on loans to member banks is the:
a. open market rate. b. federal funds rate. c. discount rate. d. prime interest rate. e. reserve lending rate.
Refer to the information provided in Table 13.1 below to answer the question(s) that follow. Table 13.1Price ($)Quantity4.002,0003.502,4003.002,8002.503,2002.003,6001.504,0001.004,400Refer to Table 13.1. If a monopoly faces the demand schedule given in the table, its marginal revenue is positive
A. at all prices above $3.00. B. at all prices. C. at all prices below $3.00. D. at all price but $3.00.