The personal income tax is the single largest source of revenue for the federal government
a. True
b. False
Indicate whether the statement is true or false
True
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Population growth in the early nineteenth century was slow due to the lack of immigration
Indicate whether the statement is true or false
Diseconomies of scale are pictured on a graph by the upward-sloping portion of the
a. marginal product curve b. short-run marginal cost curve c. long-run marginal cost curve d. short-run average cost curve e. long-run average cost curve
Opportunity cost is the
A. cost incurred when one fails to take advantage of an opportunity. B. cost incurred in order to increase the availability of attractive opportunities. C. cost of the best option forgone as a result of choosing an alternative. D. drudgery of the undesirable aspects of an option.
When the Fed decreases the money supply, what will happen to nominal interest rates?
What will be an ideal response?