According to this Application, the federal government's assuming the debts of the state governments that had been incurred during the Revolutionary War was seen as a way to
A) force states to be dependant on the federal government.
B) prevent rapid inflation.
C) balance the federal budget.
D) strengthen the federal government.
D
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Suppose that the marginal social benefit from another unit of a public good is less than the marginal social cost of producing it. Then
A) the principle of minimum differentiation means that production should be decreased. B) the number of free riders is at its efficient amount. C) less of the product should be produced because its provision exceeds the efficient level. D) more of the product should be produced because its provision is less than the efficient level.
The relationship between the inputs employed by a firm and the maximum output it can produce with those inputs is called the firm's
A) total factor productivity. B) marginal production level. C) technological ratio. D) production function.
Which of the following is true?
a. People who invest in the stock market are virtually certain to make money. b. Investors in the stock market can reduce their risk if they hold shares of specific stocks for only short periods of time. c. The risk of stock market investments can be reduced through the holding of a diverse portfolio of unrelated stocks over long periods of time. d. In the long run, corporate bonds can be expected to yield a higher real rate of return than ownership of stocks.
Because official price indexes do not account for some improvements in product quality, official estimates of real GDP overestimate the true increase in real output.
Answer the following statement true (T) or false (F)