A decrease in the capital gains tax on income made from new capital investment will:
A. shift the demand for investment curve to the right.
B. shift the supply of saving curve to the left.
C. shift the demand for investment curve to the left.
D. shift the supply of saving curve to the right.
Answer: A
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Elaine spends $10 a week on pizza and Pepsi. The price of pizza is $2 a slice and the price of a Pepsi is $2. The table shows Elaine's total utility from pizza and Pepsi
Elaine maximizes her total utility by buying ________ slices of pizza and ________ Pepsis a week. A) 5; 0 B) 0; 5 C) 3; 2 D) 2; 3
As more of a good is consumed, its marginal utility ________ and its total utility ________
A) rises; rises B) rises; falls C) falls; rises D) falls; falls
The national debt is the:
a. difference between a nation's exports and imports of goods and services. b. sum of the personal debt of all citizens in the United States. c. indebtedness of the federal government in the form of outstanding interest-earning government security. d. sum of the net personal debts of Americans to foreigners.
Which of the following statements is not correct?
a. Novels are likely to be produced in a monopolistically competitive industry.
b. Cable television is likely to be produced in a monopoly industry.
c. Milk is likely to be produced in a monopolistically competitive industry.
d. Cigarettes are likely to be produced in an oligopoly industry.