Economist A argues that a "dollar spent is a dollar spent." This economist is most likely to agree with which of the following:
A) What matters is that government increase spending and what it spends the money on doesn't matter as much.
B) What matters is that government increase spending and what it spends the money on matters quite a bit.
C) What matters is that government cut taxes and what taxes it cuts matters little.
D) What matters is that government raise taxes and what taxes it raises matters little.
E) none of the above
A
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Two companies, Dirty Inc. and Filthy Inc., each of which has access to 5 different production processes, each of which has a different cost and produces a different amount of pollution. The daily costs of the processes and the number of tons of smoke emitted are shown in the table below. Process(smoke/day) A(4 tons/day) B(3 tons/day) C(2 tons/day) D(1 ton/day) E(0 tons/day) Cost to Dirty Inc. ($/day) $110$200$380$740$1,460 Cost to Filthy Inc. ($/day) $400$430$490$580 $700If pollution is unregulated, then a total of ________ tons of smoke will be emitted each day.
A. 4 B. 2 C. 1 D. 8
Minneapolis business Rogue Chocolatier sells specialty chocolate bars with a high cocoa content. The price of cocoa beans shot up 44 percent in 2008. How did this affect Rogue's short run costs?
A) Short run variable costs would increase. B) Short run fixed costs would decrease. C) Short run total costs would decrease. D) Short run average fixed costs would increase.
Exclusion by the BLS of which of the following tends to understate the measure of unemployment in the economy?
a. children b. retired persons c. students d. people who do not want to work e. discouraged workers
In the long run, a monopolistically competitive firm's demand curve becomes more elastic and shifts to the left
a. True b. False Indicate whether the statement is true or false