As more of a good is consumed, the marginal benefit of the good
A) increases.
B) decreases.
C) remains constant.
D) is unpredictable.
E) first decreases and then increases.
B
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap.
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
In the circular-flow diagram, payments for labor, land, and capital flow from firms to households through the markets for the factors of production
a. True b. False Indicate whether the statement is true or false
When workers subdivide the tasks of a job in such a way so as to become more efficient, economists refer to this as
A. the degrees of freedom. B. the division of tasks. C. the division of labor. D. the separation of powers.
Refer to the information provided in Figure 13.10 below to answer the question(s) that follow. Figure 13.10 Refer to Figure 13.10. For Armstrong Cable, the profit-maximizing number of subscribers is
A. 800. B. 1,000. C. 2,200. D. 2,500.