Monopolies are sometimes more technologically efficient than perfectly competitive markets
a. True.
b. False.
A
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The greater the marginal propensity to consume (MPC) in the economy, the greater the spending multiplier
a. True b. False Indicate whether the statement is true or false
Which of the following economic changes will decrease household expenditures?
a. Population growth b. Lower income taxes c. An appreciation of the domestic currency d. Increased consumer confidence e. A higher domestic price level
In 2016, the city of Canfield collected $500,000 in taxes and spent $450,000. In 2016, the city of Canfield had a
A. budget surplus of $450,000. B. budget surplus of $50,000. C. budget surplus of $5,000. D. budget deficit of $50,000.
A firm holds excess labor if it can reduce the amount of labor it employs and still produce the same amount of output.
Answer the following statement true (T) or false (F)