Because of the American national debt, future Americans will be burdened by heavy interest payments which will necessitate higher taxes
a. True
b. False
Indicate whether the statement is true or false
False
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When Kathryn spends her entire budget and equates marginal utility per dollar across all goods, then Kathryn's total utility is maximized
Indicate whether the statement is true or false
If the government wants to borrow money to build new highways; then the
A) interest rate will be higher. B) quantity of funds available in the market will increase. C) private investment will decrease. D) All of the above.
Which of the following is true regarding the relationship between returns to scale and economies of scope?
A) A firm experiencing economies of scope must also experience increasing returns to scale. B) Economies of scale and economies of scope must occur together. C) A firm experiencing increasing returns to scale must also experience economies of scope. D) There is no definite relationship between returns to scale and economies of scope.
Over the last several years and until recently, the United States has had lower unemployment rates than most European countries
a. True b. False Indicate whether the statement is true or false