Which of the following is most likely a fixed cost?
A. Labor cost.
B. Property taxes.
C. Energy cost.
D. Raw materials cost.
Answer: B
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Assortative mating means that
A) poor women and rich men tend to marry. B) rich women and rich men tend to marry. C) rich women and poor men tend to marry. D) there are limited incentives to marry anyone.
Why are transfer payments excluded from government expenditure in the national income accounts?
What will be an ideal response?
A $100 billion increase in government purchases would:
a. increase AD by $500 billion if MPC = 0.8. b. decrease AD by $300 billion if MPC = 2/3. c. decrease AD by $200 billion if MPC = 0.9. d. decrease AD by $40 billion if MPC = 0.4.
Reserves increase if the Federal Reserve
a. raises the discount rate or auctions more credit. b. raises the discount rate but not if it auctions more credit. c. lowers the discount rate or auctions more credit. d. lowers the discount rate but not if it auctions more credit.