Refer to the above figure. In the absence of a subsidy,
A) Qd would be demanded and QM would be supplied.
B) the price Pd would be charged and quantity QM demanded.
C) the quantity Qo and price Po would prevail in the market.
D) None of the above is correct.
C
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A White House proposal to increase infrastructure spending on roads, rail lines and runways is an example of
A) expansionary fiscal policy. B) insourcing policies. C) automatic stabilization. D) contractionary fiscal policy.
Which of the following bonds are called tax-exempts?
A) Municipal bonds B) U.S. savings bonds C) U.S. Treasury bonds D) Consols
Which of the following countries has the most unequal distribution of income?
a. The United States. b. Czech Republic. c. Brazil. d. cannot be determined.
Suppose a friend gives you two pieces of gum, and you decide to have one piece now and save the other for tomorrow. You do this because:
a. the total utility you get from the two pieces of gum will be higher tomorrow. b. the marginal utility you get from the second piece will be higher tomorrow. c. the marginal utility you get from the second piece will be higher today. d. the marginal utility you get from the first piece will be less today. e. the total utility you get from the two pieces will be less tomorrow.