The main fiscal policy challenge for the future in the United States is rising expenditure on
A) transfer programs.
B) education.
C) national defense.
D) the net interest on the federal debt.
A
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Fair insurance
A) has an expected value for the policy holder of zero. B) has a positive expected value for the insurance company. C) has very high insurance premiums. D) is available only to those who fully insure.
A form of market structure characterised by few firms, each large enough to influence market price is;
(a) Perfect Competition. (b) Monopolistic Competition. (c) Monopoly. (d) Oligopoly.
The Ernie Egg Store hires workers to paint eggs. The store sells the eggs for $3. The marginal revenue product of this store's fifth worker is $21. The marginal product of the fifth worker is
A. 0.14 eggs. B. 7 eggs. C. 36 eggs. D. indeterminate from this information.
A Pigovian tax imposed on consumers ________ the price, and if the same tax were imposed on producers, it would ________ the price.
A. decreases; increase B. increases; decrease C. decreases; decrease D. increases; increase