A change in tax rates
A) has a larger multiplier effect the smaller the tax rate.
B) has a less complicated effect on GDP than does a tax cut of a fixed amount.
C) will not affect disposable income.
D) will not affect the size of the multiplier.
A
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Two economists from Northwestern University estimated the benefit households received from subscribing to broadband Internet service
They found that in the year they analyzed, 47 million consumers paid an average of $36 per month to subscribe to a broadband Internet service, and estimated the value of total consumer surplus for these subscribers was equal to $890.4 million. Based on these numbers, what was the average monthly consumer surplus per subscriber for broadband Internet service? A) $0.05 B) $0.77 C) $13.06 D) $18.94
A public good is a good that is both rival and excludable
Indicate whether the statement is true or false
An organization that converts inputs (like Labor, Capital etc.) into output is called a
A) firm. B) sole proprietorship. C) corporation. D) All of the above.
A majority of people in the United States do not have private health insurance.
Indicate whether the statement is true or false