Net interest payments made by the government depend on the total federal debt held and on the level of interest rates.
Answer the following statement true (T) or false (F)
True
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Which of the following is a characteristic of economic rent?
A. It equals economic profit minus accounting profit. B. It can never be negative. C. It can be positive, zero, or negative. D. It is driven towards zero by free entry.
The mobility of _____ means that in the _____ it can be used for consumption, thus the burden of most corporate income taxes will be borne by the customers of a firm
a. labor; long run b. labor; short run c. capital; long run d. capital; short run
The distance between the TC and the TVC curve
A) is constant. B) decreases as output increases. C) increases as output increases. D) is the MC curve.
to the diagram. The equilibrium level of GDP is:
A. Y 5 .
B. Y 4 .
C. Y 3 .
D. Y 2 .