Suppose there are both multiplier and crowding out effects but without any accelerator effects. An increase in government expenditures would
a. shift aggregate demand right by a larger amount than the increase in government expenditures.
b. shift aggregate demand right by the same amount as the increase in government expenditures.
c. shift aggregate demand right by a smaller amount than the increase in government expenditures.
d. Any of the above outcomes are possible.
d
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Which of the following is an alternative to patents that still encourages research?
A) the government funding research by firms B) offering a prize for discovery C) government grants to universities D) All of the above.
Trade occurs when a country has an absolute advantage and not just a comparative advantage over another country
a. True b. False Indicate whether the statement is true or false
Refer to the above figure. The above figure shows the cost structure of a firm producing an information product. Which curve represents average total cost?
A. Any of the 3 could be ATC. B. Curve 1 C. Curve 2 D. Curve 3
A monopolist finds the price-output combination that maximizes its profits by
A. finding the combination for which the difference between marginal revenue and marginal cost is the greatest. B. equating price and marginal cost. C. equating total revenue and total cost. D. equating marginal revenue and marginal cost.