When the government contributes to a public good, private contributions will fall.
Answer the following statement true (T) or false (F)
True
Rationale: Government contributions crowd out private contributions.
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Which of the following factors changes saving supply and hence shifts the supply of loanable funds curve?
i. disposable income ii. wealth iii. expected profit A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
The ability to produce a good at a lower opportunity cost than others is known as
A) comparative advantage. B) absolute advantage. C) specialization. D) marginal cost production.
The learning curve suggests that an individual will
A) receive the same income throughout a career. B) gain experience and increase productivity over time. C) be subject to frequent spells of unemployment. D) have an income that falls over time.
A firm's demand for labor is derived from the:
A. opportunity costs associated with labor and leisure. B. demand for its output. C. desires and needs of the entrepreneur. D. cost of labor inputs.