By donating $1,000 to the Salvation Army, Caroline reduces her taxable income. To Caroline, the reduction in her taxable income is
A) an incentive.
B) an opportunity cost.
C) the margin.
D) a marginal benefit.
E) a marginal cost.
A
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Negative relationships are also referred to as inverse relationships
Indicate whether the statement is true or false
According to this Application, a one degree Celsius rise in temperature
A) increases rich countries' exports. B) decreases poor countries' exports. C) decreases all countries' exports. D) increases poor countries' exports.
A union can induce a rise in equilibrium wages in a unionized industry by
A) not striking. B) successfully increasing the demand for union labor. C) successfully decreasing the demand for union labor. D) reducing the marginal revenue product of firms employing union labor.
An increase in short-run aggregate supply is
A) the result of an increase in the price level. B) represented by a movement up along the SRAS curve. C) represented by a rightward shift in the SRAS curve. D) both a and b E) both a and C