Special interest group Z receives a 1/200th slice of the economic pie. Its net benefit from both an economic growth policy and a transfer policy is $30,000. How much does the size of the economic pie (Real GDP) need to grow before group Z is indifferent between the two policies?
A) $150
B) $600,000
C) $600,000,000
D) $6,000,000
E) none of the above
D
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Indicate whether the statement is true or false
When a firm's MC curve shifts to the right, it implies that
A) new firms are entering the market. B) labor productivity is decreasing. C) labor productivity is increasing. D) the firm's overhead costs are decreasing.
The above figure shows an indifference map for a person's choices between leisure and consumption. Derive this person's labor supply curve for wage rates of $5, $10, and $15
What will be an ideal response?
Federal subsidies to higher education benefit
a. only the student b. only universities c. both universities and students d. neither universities nor students