Is there a tradeoff between fiscal policy that is timely and fiscal policy that is targeted?
A. No, the video gives several examples of timely fiscal policy that was targeted.
B. Yes, because it takes a very long time to decide what the targets should be.
C. Yes, because the industries that need help also move the slowest.
D. Yes, because it's hard to create targeted fiscal policy quickly.
Answer: D. Yes, because it's hard to create targeted fiscal policy quickly.
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In general, raising taxes has:
A. increasing returns to revenue. B. diminishing returns to revenue. C. increasing then decreasing returns to revenue. D. constant returns to revenue.
Which of the following does not cause “hidden” or “disguised” unemployment?
A. Involuntary part time work B. Discouraged workers C. Shortened work hours D. Loss of overtime
Maximum Feasible Hourly Production Rates of EitherComputers or Bicycles Using All Available ResourcesProductUnited StatesCanadaComputers810Bicycles42Refer to the above table. Assuming constant opportunity costs, the opportunity cost of producing a computer in the United States is ________ while the opportunity cost of producing a computer in Canada is ________.
A. 0.5 bicycle; 0.2 bicycle B. 2 bicycles; 5 bicycles C. 0.8 bicycle; 2 computers D. 2.5 computers; 0.25 bicycle
If the 4 largest cell service providers sales make up 56% of total sales in the entire industry, then the industry is considered to be
A. an oligopoly. B. perfectly competitive. C. monopolistically competitive. D. a monopoly.