Deliberate manipulation of government spending and taxes to promote macroeconomic goals is effected by _____
Fill in the blank(s) with the appropriate word(s).
discretionary fiscal policy.
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A chemical factory and a fishing club share a lake. The marginal social costs, private marginal costs, and marginal benefits from producing chemicals are in the figure above
The chemicals dumped into the lake have always harmed the fish, but now they begin to damage the fishing boats as well. As a result, the A) marginal social cost curve shifts leftward. B) marginal social cost curve shifts rightward. C) marginal benefit curve shifts leftward. D) marginal benefit curve shifts rightward.
The United States Post Office
A) has a monopoly in the provision of first-class mail service. B) can safely ignore the prices for mail services charged by its rivals such as FedEx and UPS. C) is an example of a monopoly that results from the ownership of a key resource: first class mail service. D) faces no competition for its mail services.
In which of the following periods did average labor productivity in the United States grow the fastest?
A) 1929 to 1935 B) 1949 to 1973 C) 1973 to 1995 D) 1995 to 2008
Julia is offered two options of government subsidies: $100 food stamp or $100 cash. If she receives $100 cash, she will spend $80 on food
If equivalent evaluation is measured for the situation when only $100 is available to her, the equivalent evaluation is A) greater than $100. B) equal to $100. C) less than $100. D) Not enough information.