The numerical value of the MPC is typically
A. less than 1.
B. equal to 1.
C. greater than 1.
D. unpredictable.
Answer: A
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In the Solow growth model, given the values of A, s, n, and d, the economy has an equilibrium growth rate of real GDP equal to
A) s. B) n. C) n + d. D) n - d. E) s - d.
The biggest difference between using a Pigovian tax or a tradable allowance to correct for a negative externality is:
A. the government collect revenues from the tax, and the private parties trade quota rights on their own. B. the tax creates an efficient outcome, and the tradable allowances do not. C. the tax maximizes total surplus, but the tradable allowances do not. D. All of these are differences between the two government policies.
One problem that haunts most antitrust litigation is that: a. the government seldom wins
b. the appearance of vigorous competition resembles acts that undermine competition. c. it has the effect of preventing firms from being tough on their rivals. d. the defendant firm may be destroyed.
?Wouldn't raising wages from? $10 per hour to? $15 per hour reduce? Walmart's profits? Why would they have adopted such a? policy?
What will be an ideal response?