Services can be thought of as
A) unvalued goods.
B) unwanted goods.
C) free goods.
D) intangible goods.
D
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Pegging a country's exchange rate to the dollar can be advantageous if
A) investors believe the dollar to be more stable than the domestic country's currency. B) a country wishes to conduct independent monetary policy. C) imports are not a significant fraction of the goods the country's consumers buy. D) the country does not trade much with the United States.
If a firm’s marginal physical product is 5, and it sells its product for $60, and a unit of labor costs $200, the firm should
A. increase the use of labor. B. decrease the use of labor. C. decrease the price of the product. D. reduce output of the product.
If income rises from 6.0 trillion to 6.4 trillion, consumption rises from 5.5 trillion to 5.8 trillion. What is the slope of the aggregate expenditure line? (Assume there is neither international trade nor any government)
What will be an ideal response?
What are the basic differences between public choice theory and the economics of taxation?
Please provide the best answer for the statement.