Which of the following is a fixed cost of driving a car?
a. gasoline
b. maintenance
c. tires
d. license plates
e. motor oil
D
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When an economy experiences a one-time increase in productivity, there is an increase in the long-run, steady state value of ________
A) the growth rate of output B) the depreciation rate C) consumption per worker D) the saving rate
If the government decides to change the level of government spending, what happens to the value of the multiplier?
a. It becomes larger. b. It becomes smaller. c. It does not change. d. It is impossible to predict.
Suppose the government designates certain areas within a community to be "wetlands," making it illegal to build on the land. What happens to land not classified as "wetlands" within the community? (i) The price of non-wetland land will rise. (ii) The marginal product of non-wetland land will fall. (iii) The marginal product of non-wetland land will rise
a. (i) and (ii) only b. (ii) only c. (i) and (iii) only d. (iii) only
The urban consumers that the CPI is based on includes:
A. retired persons. B. greeters at Walmart. C. bank tellers. D. All of these are included.