The type of tax receipts that has shown the slowest growth since World War II has been
A. personal taxes.
B. contributions for social insurance.
C. taxes on production and imports.
D. corporate taxes.
Answer: D
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By convention, there are two major divisions of economics, called:
A. rational economics and irrational economics. B. marginal benefit and marginal cost. C. microeconomics and macroeconomics. D. reservation price and opportunity cost.
In an open economy, the quantity demanded of bikes in the domestic market is ________.
A. 80,000 B. 20,000 C. 100,000 D. 50,000
Joan has the following assets and liabilities:Credit Card balance$1000Cash$200Government bonds$3,000Stock$4,000Checking$1,500Car loan balance$10,000Car$15,000Which of the following actions would decrease Joan's money demand by $200?
A. Joan writes a $200 check for cash and holds the cash. B. Joan writes a check for $200 to purchase additional shares of stock. C. Joan sells $200 worth of stocks and puts the proceeds in her checking account. D. Joan gets a $200 cash advance on his credit card and puts the proceeds in her checking account.
Marginal cost is the increase in total cost associated with a one-unit
A. Increase in input usage. B. Decrease in input usage. C. Increase in production. D. Decrease in production.