According to supply-side economists, federal regulation of transportation services
A. Reduces AD.
B. Reduces AS.
C. Increase AD.
D. Increases AS.
Answer: B
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In what two ways can education contribute to economic growth?
What will be an ideal response?
Non-transactions deposits are different from transactions deposits in that
A) transactions deposits have unlimited check writing privileges while non-transactions deposits do not. B) transactions deposits have limited check writing privileges while non-transactions deposits have unlimited check writing privileges. C) transactions deposits have no check writing privileges while non-transactions deposits do. D) transactions deposits have no check writing privileges while non-transactions deposits have limited check writing privileges.
With a linear production function in labor only, which of the following must be true?
A) The representative household works as much as possible. B) The representative firm makes large profits. C) The real wage equals total factor productivity. D) The marginal product of labor exceeds the real wage.
Suppose Thelma and Louise both sell fried green tomatoes in a competitive price-taker market. If Louise increases her output,
a. Thelma must reduce output b. the price Thelma can charge falls c. the price Thelma can charge rises d. the price Thelma can charge is unaffected e. Thelma's profits must fall