When DVD players start becoming obsolete then, to potential thieves, the:
A. Marginal utility of stealing them increases
B. Marginal utility of stealing them decreases
C. Marginal cost of stealing them increases
D. Marginal cost of stealing them decreases
B. Marginal utility of stealing them decreases
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If marginal revenue exceeds marginal cost, to increase its profit the firm will
A) decrease its output. B) increase its output. C) keep its output the same. D) shut down.
Which of the following countries has lower income mobility than the United States?
A. United Kingdom B. Germany C. Neither of these countries have lower income mobility than the United States. D. Both of these countries have lower income mobility than the United States.
As tax laws become more complex,
a. the administrative burden of taxes will increase. b. compliance costs are likely to decrease. c. the government will collect more in tax revenue. d. the amount of tax revenue lost to tax evasion will decrease.
Why are checking account balances included in the M1 definition of the money supply?
A. Checking account balances are a traditional form of money that predates paper money. B. Checking account balances are used to make so many payments. C. Checking account balances are backed by gold and silver. D. Checking account balances pay interest.