How much is autonomous consumption when disposable income is $15 billion?
$4 billion
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The total U.S. productivity growth rate decreased during the 1990s due to massive technological innovations
a. True b. False Indicate whether the statement is true or false
Neither public goods nor common resources are
a. excludable, but only public goods are not rival in consumption. b. excludable, but only common resources are not rival in consumption. c. rival in consumption, but only public goods are not excludable. d. rival in consumption, but only common resources are not excludable.
Which of the following pholitical philosophies would support redistribution of income that makes society fully egalitarian?
a. Liberals, because they believe in the maximin criterion. b. Libertarians, because they believe in evaluating the process by which economic outcomes arise. c. Utilitarians, because they believe in diminishing marginal utility. d. None of the above would support completely egalitarian redistribution of income.
States that restrict banks to having a single branch are said to require
A) mono banking. B) nonbank banking. C) unit banking. D) semi-banking.