________ marginal opportunity cost implies that the more resources already devoted to any activity, the payoff from allocating yet more resources to that activity increases by progressively smaller amounts
A) Constant
B) Increasing
C) Decreasing
D) Negative
B
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If government spending increased by $100 billion and the MPS within the economy was 0.25, what would be the total impact on real GDP?
a. $25 billion increase b. $75 billion increase c. $133 billion increase d. $400 billion increase
What role does ideology play in the debate on stabilization?
A. A large role because there are conservative and liberal economists. B. A primary role because there are no economic aspects to the debate at all. C. A minor role because economists are fairly uniform in their political views. D. No role at all because this is purely a technical question.
In the short run a firm's lowest cost level of output is the minimum point on its ________ cost curve.
A. average total B. average fixed C. total variable D. marginal
Refer to the information provided in Figure 16.1 below to answer the question(s) that follow. 
Figure 16.1 Refer to Figure 16.1. The ________ imposed as a result of producing the market (unregulated) level of fertilizer is $300.
A. marginal private cost B. tax C. marginal social cost D. total damage