This refers to an increase in government spending that produces a reduction in private spending
A) crowding out.
B) investment disappointment.
C) social loss.
D) deadweight loss.
A
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Explain how it is possible for marginal utility to fall while total utility is still on the rise?
What will be an ideal response?
Which of the following is included in M1, but not in M2?
A) currency B) checking account deposits C) travelers checks D) Everything in M1 is in M2.
In the case of the production of electronic calculators, introduced in the United States in the 1960s,
a. a technological breakthrough reduced the input quantities needed to produce them. b. quantity demanded increased significantly as prices fell. c. production costs fell with advances in technology. d. All of the above are correct.
In the area of taxation, the trade-off between equity and efficiency
a. never occurs since efficient taxes are often the most progressive. b. is relevant as efficient taxes are often regressive. c. is irrelevant. d. is relevant because efficient taxes are often progressive.