Refer to the above table. At what quantity of labor does the marginal cost curve start to increase?
A. after 1 unit
B. after 3 units
C. after 6 units
D. after 2 units
Answer: D
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The Obama stimulus package included fiscal policy actions designed to assist the economy in its recovery from recession. These fiscal policy actions would include ________ government spending and ________ taxes
A) decreasing; decreasing B) increasing; decreasing C) decreasing; increasing D) increasing; Increasing
Identify whether each of the following policies is an example of (1 ) a discretionary fiscal policy, (2 ) an example of an automatic stabilizer, or (3 ) not a fiscal policy
a. Food stamps b. Government spending on rebuilding airports c. Tax credits for the purchase of energy efficient appliances d. The extension of the "Bush tax cuts" of 2001 and 2003 e. Changing the required reserve ratio f. The bailout of large financial institutions during the financial crisis g. The progressive income tax system
The primary effect of an inheritance tax is _____
a. to encourage the liquidation of assets b. provide significant government revenue c. encourage capital formation d. the encouragement of pre-death asset transfers
If the interest rate decreases, there will be
a. a movement leftward from one point on the money demand curve to another point on the same curve b. no change in the quantity of money demanded c. a leftward shift of the entire money demand curve caused by a demand shock d. a rightward shift of the entire money demand curve e. a movement rightward from one point on the money demand curve to another point on the same curve