A large government debt can reduce the amount of ________ in an economy and reduce future income and real wages for citizens
A) employment B) capital
C) social benefit programs D) government spending
B
You might also like to view...
Suppose GDP ________ the level of potential output. We would expect to see ________ unemployment, rising wages, and rising prices.
A. exceeds; low B. is? below; low C. is? below; high D. exceeds; high
Points along a budget line represent the maximum combinations of two commodities that a consumer can afford
a. True b. False Indicate whether the statement is true or false
If average productivity falls, will marginal cost necessarily rise? How about average cost?
A. If average productivity is falling, average cost must be falling; if marginal productivity is falling, marginal cost must be falling. But there is no necessary relationship between average productivity and marginal cost. B. If average productivity is falling, average cost must be rising; if marginal productivity is falling, marginal cost must be rising. But there is no necessary relationship between average productivity and marginal cost. C. If average productivity is falling, both average and marginal costs must be falling; if marginal productivity is falling, both average and marginal costs must be falling as well. In other words, saying that average productivity and marginal productivity are falling has the same repercussions for costs. D. If average productivity is falling, both average and marginal costs must be rising; if marginal productivity is falling, both average and marginal costs must be rising as well. In other words, saying that average productivity and marginal productivity are falling has the same repercussions for costs.
If the marginal utility Ida Mae receives from eating chicken wings is negative then
A) her total utility from eating chicken wings has fallen. B) her total utility from eating chicken wings is negative as well. C) Ida Mae definitely does not like chicken wings. D) her total utility has risen, but by less from the last chicken wing than from the next to last chicken wing.