A characteristic of monopolistic competition is
A) product differentiation.
B) a high capital-output ratio.
C) a low ratio of fixed costs to variable costs.
D) the absence of advertising.
A
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If the marginal utility Ida Mae receives from eating chicken wings is negative then
A) her total utility from eating chicken wings has fallen. B) Ida Mae definitely does not like chicken wings. C) her total utility has risen, but by less from the last chicken wing than from the next to last chicken wing. D) her total utility from eating chicken wings is negative as well.
E. Carey Brown, an MIT economist, studied government deficits during the Great Depression and found that even though actual deficits were large, the structural deficit changed very little. Which of the following statements is consistent with this finding?
A. Fiscal policy did not work during the Depression. B. Fiscal policy made the Depression worse. C. Fiscal policy was not tried during the Depression. D. Fiscal policy improved the economy during the Depression.
what technological change can affect employment patterns across industries?
What will be an ideal response?
What effect would taxation have on real consumption spending when government spending is autonomous?
A. Taxation increases real consumption spending. B. Taxation reduces real consumption spending. C. Taxation causes both real consumption spending and planned real saving to increase. D. None of these is correct.