According to the above figure, autonomous consumption equals
A. -$5,000.
B. $20,000.
C. $5,000.
D. $0.
Answer: C
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Which of the following backs our money supply?
a. The words "This note is legal tender." b. The faith in the government c. The faith that people will take it in exchange for goods and services d. Precious metals
The following accompanying table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase. CPU GHzTotal BenefitMarginal BenefitTotal CostMarginal Costs2.0$1,000 $900 2.5$1,400 $1003.0 $300$1,200 3.5$1,900 $1,500 4.0$2,000 $400 Application of the Cost-Benefit Principle would lead one to purchase a ________ computer.
A. 4.0GHz B. 3.0GHz C. 2.5GHz D. 2.0GHz
Refer to the information provided in Figure 16.3 below to answer the question(s) that follow. Figure 16.3Refer to Figure 16.3. At 15 units of output there are external ________ per unit.
A. costs of $6 B. costs of $0 C. benefits of $2 D. benefits of $8
Discretionary fiscal policy is:
A. fiscal policy that the government actively chooses to adopt. B. taxes and government spending that affect fiscal policy without specific action from policymakers. C. fiscal policy that the government enacts only for a short period of time. D. taxes and government spending that the government actively votes against adoption.