________ motivates charitable giving because of selfish reasons, such as the appearance of generosity
A) Pure altruism
B) Impure altruism
C) Consumerism
D) Rationalism
B
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Open market operations refer to the purchase or sale of ________ to control the money supply
A) corporate bonds and stocks by the Federal Reserve B) U.S. Treasury securities by the U.S. Treasury C) U.S. Treasury securities by the Federal Reserve D) corporate bonds and stocks by the U.S. Treasury
A firm should always shut down if its revenue is
A) declining. B) less than its average fixed costs. C) less than its total costs. D) less than its avoidable costs.
We use the term expansionary fiscal policy when the overall effect of decisions about taxation and spending is to:
A. increase aggregate demand. B. decrease aggregate demand. C. increase aggregate supply. D. decrease aggregate supply.
When the demand for a good increases and the supply of the good remains unchanged, consumer surplus
a. decreases. b. is unchanged. c. increases. d. may increase, decrease, or remain unchanged.