Although wages, incomes, and interest rates are most often discussed in nominal terms, what matters most are their real values
a. True
b. False
Indicate whether the statement is true or false
True
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If the marginal propensity to consume is 0.85 and there are no imports or income taxes, the expenditure multiplier is equal to
A) 1 ÷ (1 - 0.85 ) = 1 ÷ 0.15 = 1.45. B) 0.85 × the change in autonomous expenditure. C) 0.85 ÷ 1 = 0.85. D) 1 ÷ 0.85 = 1.176. E) 1 - 0.85 = 0.15.
Under the pollution rights approach, polluters have little or no incentive to develop improved pollution abatement technologies
a. True b. False Indicate whether the statement is true or false
A discouraged worker is
What will be an ideal response?
Which is true of price discrimination?
A. Successful price discrimination will provide the firm with more profit than if it did not discriminate. B. It exists when price differences depend critically on differences in the costs of production of serving different groups of buyers. C. Successful price discrimination will generally result in a lower level of output than would be the case under a single-price monopoly. D. Successful price discrimination will provide the firm with lower total profits than if it did not discriminate.