The higher the opportunity cost of borrowing, the higher the amount of investment, other things constant.
a. true
b. false
a. true
Economics
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If everyone pays a fixed dollar amount of tax, then the tax is a
A. regressive tax. B. personal tax. C. marginal tax. D. proportional tax.
Economics
Refer to the table above. If only the two highest-value buyers and the two least-cost sellers engage in trade, what is the social surplus?
A) $6 B) $10 C) $12 D) $20
Economics
As new substitutes for office productivity software are developed, the demand for workers in office productivity software production should
A) become more elastic. B) become less elastic. C) be unchanged. D) change in an undetermined way.
Economics
If a perfectly competitive firm sells 50 units of output at a market price of $10 per unit, its marginal revenue is:
a. more than $10. b. less than $10. c. $10. d. $5300.
Economics