Refer to Table 8.2. If Sherry produces two pairs of earrings, her marginal cost is
A) $40.
B) $45.
C) $72.50.
D) $122.50.
A) $40.
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Fiscal policy is
A) the money supply policy that the Fed pursues to achieve particular economic goals. B) the spending and tax policy that the government pursues to achieve particular macroeconomic goals. C) the investment policy that businesses pursue to achieve particular macroeconomic goals. D) the spending and saving policy that consumers pursue to achieve particular macroeconomic goals. E) none of the above
Which of the following statements is true concerning the U.S. national debt?
A. Budget surpluses in 2002 and 2003 have reduced the national debt. B. U. S. government agencies own about 42 percent of the total national debt. C. Private American citizens own over 70 percent of the total national debt. D. Foreigners hold 50 percent of the total national debt.
The decision in the U.S. Steel case:
A. reflected a behavioralist approach to antitrust. B. reflected a structuralist approach to antitrust. C. divided U.S. Steel into a number of smaller companies. D. ruled that U.S. Steel had engaged in illegal price-fixing.
Recall the Application about federal quality standards in the market for kiwifruit to answer the following question(s).Recall the Application. Why were there so many "lemon" kiwifruit in the U.S. market?
What will be an ideal response?