With marginal cost pricing
A) marginal benefits are usually less than marginal cost.
B) all opportunity costs will be covered in the short run.
C) the price charged is equal to the opportunity cost to society of producing one more unit of the good.
D) there cannot be any short-run economic profit.
C
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Which of the following decreases the demand for money?
A) an increase in the price level B) an increase in the quantity of money C) a decrease in real GDP D) a decrease in the cost of printing money
An increase in deficit spending tends to raise interest rates, thereby resulting in a multiplier effect that is higher than what would be associated with an equivalent increase in consumption spending
a. True b. False Indicate whether the statement is true or false
On an aggregate level, free trade produces a net __________ and restricted trade produces a net __________
A) loss; loss also B) benefit; benefit also C) benefit; loss D) loss; benefit
The earnings of most people
A. increase with age until around age 60 due to increased experience, training, and hours worked, then level off as hours worked levels off. B. increase with age until around age 40 due to increased experience and hours worked. C. increase steadily until retirement. D. increase with age until around age 50 due to increased experience, training, and hours worked.