An example of government investment in physical capital to increase business productivity is:
A. sewer systems.
B. bridges.
C. roadways.
D. All of these are examples of ways governments can increase productivity.
Answer: D
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Which of the following is NOT an attribute of a public good?
A. Being non-excludable B. Indivisibility C. Uncompensated third-party costs D. Being non-rivalrous
Which of the following is an example of consumer surplus?
A) Jose buys a hamburger for $2 and tells you he would not have paid a penny more. B) John believes the price he paid for his computer was too high. C) Mary buys a paper tablet for $2 and finds the same good at another store for $1.50. D) Sue would have paid $15 for a new compact disc but paid only $10. E) Anne finds a mountain bike for which she is willing to pay a maximum of $550 and the price of the bike is $600.
Macroeconomic policymakers do not include
a. the president of the United States. b. the U.S. Congress. c. the president of General Motors. d. the secretary of the U.S. Treasury.
Everything else held constant, a shift in tastes in the U.S. toward Mexican goods will ________ net exports in the U.S. and cause the quantity of aggregate output demanded to ________ in Mexico
A) decrease; rise B) decrease; fall C) increase; rise D) increase; fall