The demand curve for capital
a. is vertical.
b. is horizontal.
c. is derived from households' decisions concerning saving and spending.
d. reflects the marginal productivity of capital.
d
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The "capture" in the capture hypothesis occurs because
A) regulators try to promote everyone's best interest. B) society doesn't care for regulatory agencies. C) regulators always know what is in society's best interest. D) regulators usually have been or will be associated with the industries they regulate.
If a perfectly competitive firm shuts down in the short run, its total cost equals zero
a. True b. False
Which of the following is true for a monopolist?
a. The firm has a perfectly elastic demand curve. b. The firm has a perfectly inelastic demand curve. c. The straight-line demand curve is above the marginal revenue curve. d. The marginal revenue curve is above the demand curve. e. All of these.
Which statement about the earned income tax credit is true?
a. Tax break amounts increase with the amount of income earned, up to a point. b. Tax break amounts decrease gradually with the amount of income earned. c. Tax break amounts are determined by the number and age of children in a family. d. Tax breaks are allowed for a maximum of five years.