Direct costs of a public sector investment project are generally easier to measure than the direct benefits
a. true
b. false
a
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Firms are willing to change the aggregate quantity of output supplied based on price in:
A. the short run only. B. the long run only. C. both the short and long run. D. Price does not affect the quantity that firms supply.
The requirement that a minimum volume of ethanol is blended into the U.S. fuel supply is an example of a. a corrective tax
b. a corrective subsidy. c. a command-and-control policy. d. the Coase Theorem.
Refer to the list. As distinct from the demand and efficiency factors of economic growth, the supply factors of economic growth are:
Use the list below to answer the following question: 1. Improvements in technology. 2. Increases in the supply (stock) of capital goods. 3. Purchases of expanding output. 4. Obtaining the optimal combination of goods, each at least-cost production. 5. Increases in the quantity and quality of natural resources. 6. Increases in the quantity and quality of human resources. A. 2, 5, and 6 only. B. 2, 4, 5, and 6 only. C. 1, 2, 5, and 6 only. D. 1, 3, and 4 only.
Which of the following increases total factor productivity?
A) investment in machinery B) a harsh winter C) better access to credit D) new production procedures