A supply schedule can be plotted on a graph to yield a supply curve
a. True
b. False
Indicate whether the statement is true or false
True
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Federal income tax brackets are not currently indexed for inflation
a. True b. False
Other things equal, relatively poor countries tend to grow
a. slower than relatively rich countries; this is called the poverty trap. b. slower than relatively rich countries; this is called the fall-behind effect. c. faster than relatively rich countries; this is called the catch-up effect. d. faster than relatively rich countries; this is called the constant-returns-to-scale effect.
Which one of the following policies would not reduce water use?
a. Full marginal-cost pricing b. Microirrigation technology c. Reusing wastewater for industrial uses d. Subsidizing irrigation systems e. Removing water subsidies
What are the four different views of the causes of macroeconomic instability in the economy?
What will be an ideal response?