The introduction of a tax by the government will _____
Fill in the blank(s) with the appropriate word(s).
affect consumption through a change in disposable income.
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Which of the following would not be included in the expenditure category called investment expenditures?
A) a purchase of shares of preferred stock B) spending on new houses C) a purchase of a copy machine by FedEx Office D) the cars held in inventory on a local Ford dealer's lot
Exhibit 6-11 Short-run cost schedule for pizzeria's hourly production TotalProduct TotalCost 0 pizzas $ 20 10 70 20 100 30 150 40 250 In Exhibit 6-11, the marginal cost curve crosses the average total cost curve at
A. 10 pizzas. B. 20 pizzas. C. 30 pizzas. D. 40 pizzas.
An increase in total revenue will result if
A. demand is inelastic and price increases. B. demand is unitary elastic and price decreases. C. demand is elastic and price increases. D. demand is inelastic and price decreases.
The Federal Reserve is
A) a Kentucky bourbon. B) a wild game preserve. C) an express mail service. D) the central bank of the United States.