A temporary beneficial productivity shock would
A. increase the expected future marginal product of capital.
B. increase future income.
C. shift the labor supply curve down and to the right.
D. increase the level of employment.
Answer: D
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Gary usually does not donate for charity. However, he donated money for an environmental awareness campaign launched by his friend. This is an example of ________
A) rationalism B) pure altruism C) impure altruism D) liberalism
A nation that lacks sufficient capital given its size even though it has ample natural resources is
a. the United States. b. Japan. c. Canada. d. China.
If all of the restaurants in a small town colluded and agreed to raise dinner prices, this would lead to a loss to society because
A. some dinners that could be served would not be served. B. collusion is illegal. C. the restaurants would become too crowded with new customers. D. the number of dinners served stays the same, but the buyers face higher prices.
Economic Fact
What will be an ideal response?