Critics of the Obama stimulus plan were

A. hard to find at the time.
B. from both conservatives and liberals.
C. entirely from conservatives.
D. entirely from liberals.


Answer: B

Economics

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The latest Kanye West album is available to be downloaded for $11.99. Is this price a rationing device?

a. No, the album will be sold to anyone having the required number of dollars. b. Yes, many will not buy the album because they are unwilling to sacrifice other things $11.99 will buy. c. No, for price to be a rationing device, it must be so high that only one unit of the item is sold. d. Yes, since that is a reasonable price.

Economics

Use the above table and assume a fixed cost of $1000. At an output of 2, ATC is


A. $350.
B. $700.
C. $850.
D. $1,000.

Economics

If the product derived from the last dollar spent on labor is greater than the product derived from the last dollar spent on capital, then the firm

A. should use less labor and more capital to minimize costs. B. is minimizing costs. C. should use more labor and less capital to minimize costs. D. should increase the price paid to labor and decrease the price paid to capital to minimize costs.

Economics

With a deficit in our balance of payments, there is an excess __________ dollars in the foreign exchange market, causing the dollar to __________

A) demand for; appreciate B) demand for; depreciate C) supply of; appreciate D) supply of; depreciate

Economics