The magnitude of the impact taxes have on job-search effort is:
A. inconclusive.
B. hugely negative.
C. slightly positive.
D. slightly negative.
A. inconclusive.
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In the long run, a firm has
A) no factors of production that are fixed. B) no factors of production that are variable. C) no factors of production that are either fixed or variable. D) fixed factors of production but no variable resources.
Based on the data in the above table, the table shows a market for a good with
A) an external cost. B) an external benefit. C) a mixed externality. D) no externalities.
Between 1930 and 1933, many banks in the U.S. failed because: a. the FDIC moved too slowly to prevent the bank failures
b. most bankers were either corrupt or incompetent. c. of excessive regulation by the federal government. d. people shifted their funds to take advantage of rising stock market prices. e. people lost confidence in them.
An increase in the price level causes government spending to:
A. increase. B. decrease. C. remain unaffected. D. increase in social welfare spending only.