Small-denomination time deposits refer to certificates of deposit with a denomination of less than
A) $1,000.
B) $10,000.
C) $100,000.
D) $1,000,000.
C
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Economic growth is:
a. a movement along the production possibilities curve. b. a change in the combination of the economy's outputs. c. an outward shift of the production possibilities curve. d. difficult to determine for any one year.
Sales and excise taxes tend to be ___________ because low income people tend to spend a _________ fraction of their income than high income people.
A. progressive; larger B. regressive; larger C. progressive; smaller D. regressive; smaller
It is efficient not to alter the amount of pollution produced by the market.
Answer the following statement true (T) or false (F)
Refer to the information provided in Table 8.4 below to answer the question(s) that follow. Table 8.4ProduceUsing TechniquesUnits of Variable KInputs L1 unit of outputA4 4?B2 6????2 units of outputA 7 6?B410????3 units of outputA 8 6?B 6 11Refer to Table 8.4. Assuming the price of capital (K) is $10 per unit and the price of labor (L) is $5 per unit, the lowest long-run total cost of producing one unit of output is
A. $8. B. $50. C. $60. D. $110.