When the marginal product of an additional worker is less than the marginal product of the previous worker, there are ________ returns to labor
A) increasing total
B) decreasing total
C) increasing marginal
D) decreasing marginal
E) constant average
D
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Does an oligopoly produce the efficient quantity of output or does it create a deadweight loss? Do the firms want to produce the efficient quantity of output? Explain your answer
What will be an ideal response?
The deadweight loss from monopoly pricing is:
A. the amount by which aggregate surplus falls short of its minimum possible value, which is attained in a perfectly competitive market. B. the amount by which consumer surplus exceeds producer surplus. C. the amount by which aggregate surplus falls short of its maximum possible value, which is attained in a perfectly competitive market. D. the amount by which producer surplus exceeds consumer surplus.
In 2010, the debt-to-GDP ratio increased to roughly the same ratio as the 1990s
a. True b. False Indicate whether the statement is true or false
Fiscal policy attempts to achieve all of the following objectives except ________.
Fill in the blank(s) with the appropriate word(s).