Which of the following policies have been suggested as ways to boost the growth of productivity?
A) tax cuts to boost saving and investment
B) reducing the budget deficit by raising taxes and cutting expenditures
C) increasing public investment in education
D) redesigning and scaling back the regulatory apparatus of the federal government
E) all of the above
E
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In order to maximize profits
A) the derivative of total revenue with respect to quantity must be less than the derivative of total cost with respect to quantity. B) the derivative of total revenue with respect to quantity must be greater than the derivative of total cost with respect to quantity. C) the derivative of total revenue with respect to quantity must equal the derivative of total cost with respect to quantity. D) none of these choices.
Who selects the board of directors of a corporation?
A) the state where the corporation is chartered B) employees C) stockholders D) managers
The United States has developed a comparative advantage in film production due to the film industry being long-established in southern California, and lower costs result from the size of the industry in the area. This source of comparative advantage is
referred to as A) the abundance of natural resources. B) superior process technology. C) external economies. D) best practices of unskilled labor.
(Figure: The Market for Hybrid Cars) Look at the figure The Market for Hybrid Cars. If there were a binding price ceiling in the market for hybrid cars, one possible price would be equal to ________, consumers would demand ________, and producers would supply ________.
A) P1; Q3; Q1 B) P1; Q1; Q3 C) P3; Q3; Q1 D) P2; Q2; Q2