The monetarists think that the growth of the money supply should be approximately equal to the growth of ____________.
Fill in the blank(s) with the appropriate word(s).
the economy of real output
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A product charge is
a. a fee added to the price of a pollution-generating product based on its contribution to pollution b. the same as an effluent charge c. a fee imposed on the actual release of pollution, typically as a tax d. none of the above
Suppose when the price of mascara is $12, the quantity demanded is 450, and when the price is $8, the quantity demanded is 550. Using the mid-point method, the price elasticity of demand is:
A. –0.5 B. –2.0 C. –55 D. –180
Should state taxes paid be deductible on federal taxes?
What will be an ideal response?
A business owner makes 50 items by hand in six hours. She could have earned $10 an hour working for someone else. If each item sells for $5 and the explicit costs total $14, accounting profit for 50 items is:
A. $74. B. $236. C. $176. D. $300.