An economy is productive efficient if it produces
A) more than enough food to feed everyone.
B) more goods and services in each successive year.
C) maximum output with given resources and technology.
D) enough output so that no one lives in poverty.
C
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Generally with bond ratings, the ________ the rating, the lower the interest rate an investor will receive and the ________ the risk that the issuer of the bond will default
A) higher; higher B) higher; lower C) lower; lower D) lower; higher
Show that for a monopolist with a constant marginal cost and facing a linear demand curve, if a specific tax is imposed on the monopolist, the tax burden is shared equally between the monopolist and the consumers
What will be an ideal response?
_____________ is (are) the key factor in explaining the decline in death rates in the U.S. in the late 19th and early 20th century
a. Improved sanitation b. Improved medical treatments c. Urbanization d. A more varied and nutritious diet
An inferior good or service is any good or service for which an increase in income causes a decrease in demand
a. True b. False Indicate whether the statement is true or false