If the MPC is 0.8, the tax multiplier is
A. -8.
B. -5.
C. -4.
D. -1.2.
Answer: C
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Susan argues that she is the victim of economic discrimination. The primary technical difficulty for an economist investigating her claim will be
a. defining economic discrimination. b. finding a worker with the same productivity as Susan for comparison purposes. c. defining statistical discrimination. d. measuring Susan's human capital.
President Ronald Reagan once joked that a Trivial Pursuit game designed for economists would
a. have no questions but hundreds of answers. b. have 100 questions and 3,000 answers. c. have 1,000 questions but no answers. d. never produce a winner.
For two goods, coffee and scones, suppose that MU(coffee)/P(coffee) = 4 and MU(scones)/P(scones) = 3. To maximize your total utility from these two goods, you should purchase:
A. less coffee and more scones. B. more coffee and fewer scones. C. more coffee and more scones. D. less coffee and fewer scones.
Which of the following is associated with macroeconomics?
B)A case study of pricing and production in the textbook industry C) an examination of the incomes of the Uni of Toronto Business School graduates D)a study of the trend of pecan prices since world war II