Gross private domestic investment does not include
a. spending on new houses
b. spending to build up inventories
c. unintended inventory investment
d. spending on employee salaries
e. spending for office supplies
D
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A firm's opportunity costs ________
A) equal the costs of resources it buys from others in the market B) include the cost of using resources owned by the firm C) increase when economies of scope exist D) do not include any opportunity costs for resources the owner suppliers
The slope of the IS curve will be steeper the __________ is the sensitivity of investment to a unit change in the interest rate and the __________ is marginal propensity to save
A) greater; larger B) greater; smaller C) less; larger D) less; smaller
When there is a recession, the biggest percentage decline would be in
A. social Security tax receipts. B. personal income tax receipts. C. consumer spending. D. corporate after-tax profits.
Selfishness is:
A. exhibited more strongly in the ultimatum game than in the dictator game. B. exhibited more strongly in the dictator game than in the ultimatum game. C. exhibited equally strongly in both the ultimatum and dictator games. D. rarely exhibited in either the ultimatum or dictator games.