Refer to Figure 16.3. A shift from AS3 to AS2 could be caused by
A. A decrease in the money supply.
B. An increase in the marginal tax rate.
C. An increase in the investment in human capital.
D. A decrease in government spending.
Answer: B
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In the figure above, the total revenue from pizza per day is
A) $60,000. B) $100,000. C) $40,000. D) $80,000. E) $50,000.
Including marginally attached workers in the calculation of the unemployment rate would
A) increase the reported rate. B) lower the reported rate. C) not change the reported rate. D) change the reported rate, but in an unpredictable manner.
With the debris of more than 50 years of climbing on the beautiful high slopes – oxygen canisters, tents, backpacks and even some bodies – Mount Everest has been called the world's highest garbage dump
It has been suggested that there should be a limited number of climbers allowed on the mountain each year to limit the environmental degradation that occurs. This method of achieving efficient use of a common resource is most like A) a property right. B) an individual transferable quota. C) a production quota. D) a marginal social benefit right.
The goal of the business firm is maximization of ____, and the goal of the consumer is maximization of ____.
A. total sales; income B. total profit; utility C. total output; utility D. total sales; utility