The slope of the line in the above figure is
A) 8.
B) 0.05.
C) 0.125.
D) 0.10.
C
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People are forced to economize because of
A. competition. B. pressure to conform. C. scarcity. D. the absence of money.
If manufacturer's new orders received for consumer goods are starting to fall, real GDP is most likely
A) beginning to rise. B) bottoming out. C) getting ready to decrease. D) already decreasing.
In the prisoner's dilemma game:
A. if players can communicate in advance, they will always cooperate. B. if players can communicate in advance, they may still not cooperate. C. will always choose to cooperate. D. will only cooperate if they are trustworthy.
How will a cut in a fixed tax affect the consumption schedule?
a. It will shift downward. b. It will shift upward. c. It will become flatter. d. It will become steeper.