Cutting costs at the beginning of a recession tends to make the most sense for a business that produces or provides
A) services.
B) durable goods.
C) nondurable goods.
D) goods and services for export.
Answer: B
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A college must decide if it wants to offer more evening and weekend classes. This decision involves answering the economic question of "for whom to produce."
Indicate whether the statement is true or false
If average cost is falling, then marginal cost must be falling.
Answer the following statement true (T) or false (F)
Risk pooling:
A. assures the individuals that they are less likely to have a catastrophe occur. B. reduces the risk of catastrophes happening collectively to groups. C. doesn't reduce the chances of catastrophes happening to individuals. D. None of these statements is true.
A proportional tax tends to:
a. reduce income inequality. b. increase overall income inequality. c. leave the income distribution essentially unchanged. d. increase income inequality among the rich. e. generate additional tax revenues for the government.