Once a firm's marginal revenue curve is known, the output level can be determined
a. True
b. False
Indicate whether the statement is true or false
False
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According to economic theory, state governments
A) will be biased toward chronic budget deficits. B) will act in the public interest. C) will act in the national interest. D) will do all of the above. E) will do none of the above.
The passage of the Employment Act of 1946 assigned: a. the federal government the responsibility for promoting full employment and price stability
b. the federal government the responsibility for promoting free markets to achieve economic prosperity. c. the federal government the responsibility to set a minimum wage for all agricultural workers. d. state governments the responsibility to set a minimum wage for all industrial workers. e. state governments the responsibility for promoting full employment and price stability.
If the government imposes a pollution tax on gasoline refineries: a. the supply of gasoline will shift to the right. b. the demand for gasoline will shift to the right. c. the supply of gasoline will shift to the left
d. the demand for gasoline will shift to the left.
If the usury law set the interest rate ceiling at 12%, how much of a shortage of loanable funds would there be?
