The theory that government borrowing may function like an increase in taxes, that is, reducing current consumption and business expenditures, was formulated by
A) John Maynard Keynes
B) Jean Baptiste Say.
C) David Ricardo.
D) Adam Smith.
C) David Ricardo.
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If a good sells for $10 domestically and the same good sells for $7 abroad, then this firm is engaging in
A) marginal cost selling. B) price discrimination. C) price differentiation. D) dumping.
Compared to whites, blacks had disproportionately high mortality rates in:
a. the far southern colonies. b. the Caribbean colonies. c. the northern mainland colonies. d. the mid-Atlantic colonies.
A potential employee that dresses well for an interview is attempting to reduce asymmetric information by
A. looking more intelligent. B. signaling their type. C. mandating that information be shared. D. showing moral character.
Marginal profit is equal to
A) marginal revenue minus marginal cost. B) marginal revenue plus marginal cost. C) marginal cost minus marginal revenue. D) marginal revenue times marginal cost. E) marginal revenue divided by marginal cost.