Monetary policy consists of changes in taxes, which in turn affects the amount of money households can spend on consumption
Indicate whether the statement is true or false
FALSE
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Decreasing returns to scale may occur as increasing the amount of inputs used
A) increases specialization. B) always increases the amount of output produced. C) may cause coordination difficulties. D) increases efficiency.
The rate of interest affects agriculture because
A) A high interest rate suggests a stronger dollar which depresses farm export demand. B) A low interest rate lowers farm expenses. C) A high interest rate reduced the capitalized value of farmland. D) All of the above.
Suppose a new government policy generates $6,000 of benefits for local businesses and $4,000 of costs. We can best describe the policy as
A. equitable. B. Pareto efficient. C. potentially efficient. D. inefficient.
In years when teenagers become a greater percentage of the labor force,
A) the natural rate of unemployment falls. B) the natural rate of unemployment rises. C) the inflation rate rises. D) the inflation rate falls.