If a goal of a nation's residents is to increase marginal productivity, they should increase
A) expenditures on education.
B) the inheritance tax.
C) exports.
D) the marginal propensity to consume.
Answer: A
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Which of the following is TRUE about the political and market systems of voting?
A) The political voting system functions according to proportional rule, while the market voting system functions according to majority rule. B) The political voting system functions according to majority rule, while the market voting system functions according to proportional rule. C) The political voting system functions according to minority rule, while the market voting system functions according to majority rule. D) The political system and the market system are identical.
We might predict that Hawaii has a comparative advantage compared to Russia in the production of pineapples because Hawaii has:
A. a climate more suitable for pineapples. B. more advanced farming technology. C. more land available to grow them on. D. less governmental oversight in the pineapple industry.
An example of price discrimination is the price charged for:
A. coffee. B. college admission. C. cashmere sweaters. D. cough syrup.
Increases in the federal budget deficit from 2007 to 2009 were caused:
A. exclusively by the loss of tax revenue due to recession. B. exclusively by expansionary fiscal policy, as shown through growth in the cyclically adjusted deficit. C. primarily by a combination of recession and expansionary fiscal policy. D. primarily by increased outlays to a rapidly growing number of Social Security recipients.