In the above figure, the x-coordinate of point b is
A) 1.
B) 2.
C) 3.
D) 14.
C
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Refer to Table 11.1. What is the value of the marginal propensity to consume?
A) 0.15 B) 0.6 C) 0.75 D) 0.9
If Evan has an absolute advantage in cleaning and bookkeeping when compared to Gloria, then
a. Evan must also have a comparative advantage in cleaning and bookkeeping b. Evan must have a comparative advantage in cleaning c. Evan must have a comparative advantage in bookkeeping d. Gloria has a comparative advantage in neither activity e. we can conclude nothing about comparative advantage
An increase in the costs of production will cause the:
A. short-run aggregate supply curve to shift to the right. B. aggregate demand curve to shift to the right. C. short-run aggregate supply curve to shift to the left. D. long-run aggregate supply curve to shift to the left.
Homeowners
A. are subject to double taxation. B. benefit from several loopholes. C. have no particular advantages in the tax system. D. must pay tax on the “income” of living in a house.