Consumer confidence is measured by two indices: the Consumer Sentiment Index and the Consumer Confidence Index
Indicate whether the statement is true or false
TRUE
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According to the Coase theorem, if transactions and negotiations are costless:
a. people would arrive at agreements that maximize their individual benefits. b. people would arrive at agreements that maximize the total economic value. c. people would arrive at agreements that minimize their individual costs. d. people would arrive at agreement that minimize the total social cost.
The monetary return on a college education is considered economic rent
a. True b. False Indicate whether the statement is true or false
The U.S. experience with tax cuts and tax increases since 1975 suggests that
a. tax cuts always stimulate consumption spending. b. tax changes have a stable and predictable effect on consumption spending. c. temporary tax changes are less effective than permanent changes. d. tax changes have no effect on consumption spending.
Marginal physical product is the change in total output associated with one additional unit of input.
Answer the following statement true (T) or false (F)