The marginal resource cost of input is the amount that an extra unit of that input adds to the firm's total costs
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following provides monetary damages in cases of intentional employment discrimination?
a. Equal Pay Act of 1963 b. Civil Rights Act of 1964 c. Civil Rights Act of 1991 d. Fair Labor Standards Act of 1938
A rising budget deficit created through government spending may result in a fall in domestic investment, a rise in private savings, or a rise in the _________ deficit.
a. economic b. trade c. government d. savings
According to Baumol and Blinder, from the demand side an increase in the price level causes aggregate expenditures to
a. fall, resulting in a lower level of equilibrium income. b. fall, resulting in a higher level of equilibrium income. c. rise, resulting in a higher level of equilibrium income. d. rise, resulting in a lower level of equilibrium income.
Which of the following statements is correct?
a. Gasoline taxes are an example of an EPA regulation. b. Gasoline taxes are higher in many European countries than in the United States. c. Gasoline taxes contribute to global warming. d. Gasoline taxes are an example of a command-and-control policy.