Assuming everyone wants to advance their interests in an effective way is an assumption of
A) capitalism.
B) economic theory.
C) government.
D) selfishness.
B
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Government saving is equal to
A) net taxes. B) net taxes minus government expenditures. C) net taxes plus government expenditures. D) private savings minus government expenditures. E) the quantity of investment demanded.
The above figure gives your budget line between CDs and magazines. The slope of the budget line is ________ CD per magazine
A) 1/2 B) -1/2 C) -1 D) -2
A firm's shutdown point is the output and price at which the firm just covers its
A) total fixed cost. B) total variable cost. C) total cost. D) marginal cost.
A project whose acceptance eliminates another project from consideration is called
A) independent. B) mutually exclusive. C) replacement. D) complementary.