To boost economic growth the government is most likely to:
A. increase interest rate
B. increase taxation rate
C. provide incentives to invest
D. provide incentives to save
Answer: C. Provide incentives to invest
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Which of the following statements is true of minimum wages?
A) Minimum wages are sometimes referred to as wage ceilings. B) No state in the U.S. economy has ever enforced a minimum wage. C) Minimum wages are normally set above the labor market clearing wage rate. D) Minimum wages benefit firms and producers.
The expenditure multipliers occur because
A) any change in real GDP must also change the price level. B) a change in households' incomes changes autonomous expenditure. C) government expenditure on goods and services change by a proportional amount to government taxes. D) a change in autonomous expenditures changes households' incomes. E) a change in autonomous expenditure causes real GDP to change in the opposite direction.
Refer to the information provided in Figure 10.2 below to answer the question(s) that follow. 
Figure 10.2 Refer to Figure 10.2. This firm's marginal cost curve has shifted from MC0 to MC1. A likely explanation for this is that
A. the supply of a variable input decreased. B. the price of a variable input decreased. C. the productivity of a variable input declined. D. the demand for the firm's product decreased.
Mathematically, elasticity is the percentage change in _____ brought about by a percentage change in _______.
Fill in the blank(s) with the appropriate word(s).