In general, the marginal benefit curve
A) has a positive slope.
B) has a negative slope.
C) is horizontal.
D) is vertical.
E) is concave.
B
You might also like to view...
Assume that the full-employment level of output is $1,000 and the price level associated with full-employment output is 100. Also assume that the economy's current level of output is $1,100 and, at the price level of 100, current aggregate demand is $1,200. If the government moves the economy back to the full-employment level of output by reducing government purchases by $50, then the expenditures multiplier equals
A. 4. B. 5. C. 2. D. 10.
What is the total revenue test?
What will be an ideal response?
During the Global Economic Crisis, low unemployment rate in Germany is attributed to the policy of
A) "work-sharing." B) "money creation." C) "99-ers." D) "money powering."
During the past 40 years, U.S. exports as a percent of GDP and U.S. imports as a percent of GDP
A) both rose at the same pace. B) both fell at the same pace. C) both rose, but U.S. imports as a percent of GDP rose at a faster pace. D) both rose, but U.S. exports as a percent of GDP rose at a faster pace.