The marginal revenue that would be derived from the production of a second unit is
A. $17.
B. $19.
C. $21.
D. $23.
C. $21.
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Members of the Board of Governors
A) must resign when the President who has appointed them leaves office. B) may serve no more than three consecutive four-year terms. C) serve for life or good behavior. D) serve one nonrenewable fourteen-year term.
Which of the following statements best describes the best public policy solutions for international trade?
a. The best public policy solutions involve some degree of protectionism, while finding other ways for public policy to address the particular issues, eventually allowing the benefits of international trade to occur. b. The best public policy solutions typically do not involve protectionism but instead involve finding ways for public policy to address the particular issues, while limiting the benefits of international trade to occur. c. The best public policy solutions typically do not involve protectionism but instead involve finding ways for public policy to address the particular issues, while still allowing benefits of international trade to occur. d. The best public policy solutions require protectionism, in addition to finding ways for public policy to address the particular issues, while still allowing the benefits of international trade to occur.
In 2005, the median income of renters was $26,317 and the median income of homeowners was $50,505 . If imputed rent were added to household income or rent became deductible, the personal income tax would become
a. more progressive. b. more regressive. c. about proportional. d. less progressive.
In the circular flow model, households earn their incomes in the:
A. Resource markets B. Product markets C. Capitalist markets D. Money markets