Charles Tiebout favors
A. people moving to local communities with others of similar tastes.
B. government provision of all public goods.
C. people of different tastes living in the same place.
D. user taxes on public goods.
Answer: A
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Refer to the table below. To increase output from 33 to 66 units requires ________ extra employee-hour(s); to increase output from 66 to 99 units requires ________ extra employee-hour(s).OutputPer DayNumber ofEmployeeHours Per Day00331662994132716511
A. 2; 4 B. 1; 1 C. 2; 1 D. 1; 2
If a firm decreases its capital stock, real wages will likely ________ and the equilibrium quantity of labor will likely ________
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
As the housing bubble collapsed, the combination of increasing interest rates and pessimism about future economic prospects:
A. increased both consumption and investment spending. B. decreased consumption and increased investment spending. C. decreased both consumption and investment spending. D. increased consumption and decreased investment spending.
During the Great Recession, the Fed relied on each of the following tools to influence the economy EXCEPT:
A. paying interest on reserves. B. reverse repurchase agreements. C. open market operations. D. quantitative easing.