Refer to Figure 2-1. Point B is
A) technically efficient.
B) unattainable with current resources.
C) inefficient in that not all resources are being used.
D) the equilibrium output combination.
A
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The demand for foreign currency in the United States
a. increases as the level of imports increases b. increases as the level of exports increases c. decreases with the lowering of the inflation rate abroad d. decreases as foreign interest rates rise e. is unaffected by U.S. demand for goods and services abroad
Which of the following is an example a lack of self-control that contradicts the conclusions of standard economic analysis?
a. Eating more food at an all-you-can-eat buffet b. Playing video games all night even with an exam the following morning that will determine your semester grade c. Decreasing the purchase of steak if the price increases 25% d. all of the above
Who tends to benefit from the sugar price supports?
a. users of sugar in other products b. individual users of sugar c. producers of other agricultural products d. producers of sugar e. All of the above are correct.
The marginal tax rate is calculated in the following manner:
A. Taxes Paid/Taxable Income. B. Taxable Income/Taxes Paid. C. Additional Taxes Paid/Additional Taxable Income D. Additional Taxable Income/Additional Taxes Paid.