Higher interest rates tend to
A. make it less costly for people to buy houses and cars.
B. increase the quantity demanded of goods and services.
C. reduce the total planned spending on goods and services.
D. lower the costs of building new plants and equipment.
Answer: C
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For a given production possibilities frontier, which points are attainable?
A. Points inside the frontier B. Points outside the frontier C. Points on or outside the frontier D. Points on the frontier only E. Points on or inside the frontier
Technology standards work in reducing externalities of all kinds.
A. True B. False C. Uncertain
Marginal costs will begin to rise at the point where
A) fixed costs increase. B) variable costs increase. C) average variable costs increase. D) diminishing marginal product begins.
Refer to Table 21.2. The middle 20 percent of earners took home ________ of all income earned in Mysteria
A) 9% B) 18% C) 42.9% D) 52.9%