GDP could be calculated over:
A. any time period.
B. a year.
C. a quarter.
D. a month.
Answer: A
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Taxes can yield the efficient level of pollution if the tax is set equal to the
A) marginal benefit of pollution. B) marginal external cost of the pollution. C) marginal social cost of the pollution. D) equilibrium price of the pollution.
"To each according to what he or she produces" describes the ________ theory of income determination
A) productivity B) egalitarian C) equity D) needs
At the time it occurs, external financing of the debt allows the economy to
A. Export more goods and services. B. Consume beyond the production possibilities curve. C. Reduce the size of the national debt. D. Reduce the deficit ceiling.
A line that rises at a 45 degree angle has a slope of
A. 0.45. B. 1. C. 45. D. 1/45.