________ will lead to a decrease in the gross domestic product of a country, all other variables remaining unchanged
A) An increase in the expenditure on investment B) A decrease in the expenditure on investment
C) An increase in exports D) A decrease in imports
B
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The governor has proposed to clean up all trash on the side of the highway. The project is estimated to cost the tax payers and additional $15,000. The city will benefit by having a clean highway which will entice tourists to stop along their routes. The project is estimated to bring in $18,000 of revenue from the highway being cleaned. Should the governor continue with the project?
A. Yes, the tax payers wanted the highway cleaned up. B. Yes, the project will bring in $3,000 more in MB than MC. C. No, the benefit from the project will only be $3000. D. No, the project will not bring in enough benefit to cover the costs.
Refer to the above figure. Line BCD is called
A) the consumption function. B) the 45-degree line. C) the savings function. D) the saving function.
Society might argue that there are cases in which it is appropriate to resist price increases in situations where scarcity is serious. Included would be the case of
A. unrestrained monopoly that would otherwise succeed in extracting funds from the public. B. taxes imposed on products capriciously and inappropriately. C. rising prices falling so heavily on the poor that rationing becomes preferable. D. All of the responses are correct.
Kane just lost her job as a dock worker. Her former salary was $750 per week. She receives $350 in unemployment insurance while she is actively looking for a new job. She sees a job she is qualified for that pays $600 per week. What is the opportunity cost per week of remaining unemployed?
a. $250 b. $350 c. $600 d. $950