The income and living standards of a nation will increase when
a. jobs are protected and total employment expands.
b. the prices of goods and services increase.
c. the imports of goods and services fall.
d. the availability of goods and services that people value increases.
d. the availability of goods and services that people value increases.
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If a $15 billion reduction in taxation produces a change of $20 billion in output, the value of the government taxation multiplier is ________
A) 35 B) 0.75 C) 5 D) 1.3
A person's tendency to smoke a cigarette after promising himself that he will quit is an example of the behavioral economics insight that people are inconsistent over time
a. True b. False Indicate whether the statement is true or false
Consider Mandy's decision to go to college. If she goes to college, she will spend $20,000 on tuition, $10,000 on room and board, and $2,000 on books. If she does not go to college, she will earn $18,000 working in a store and spend $8,000 on room and board. Mandy's cost of going to college is
a. $32,000. b. $42,000. c. $50,000. d. $58,000.
Using a graph, compare the labor-market equilibrium under perfect competition and monopsony. Explain.
What will be an ideal response?