The minimum wage may cause businesses to hire fewer workers, and this results in structural unemployment
Indicate whether the statement is true or false
TRUE
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When total utility is at a maximum, marginal utility is
a. zero b. positive c. negative d. one e. infinite
In Watermala, the marginal propensity to consume is 0.6, base consumption is $1,000 . the tax rate is 30 percent of income, national income is $5,000 . investment spending is $800, government spending is $1,500, export earning is $1,000 . and import spending is $500 . Given this information, Watermala's aggregate expenditure equals _____
a. $5,900 b. $7,800 c. $3,900 d. $10,300
The three broad types of factors of production are:
A) capital, labor, and natural resources. B) money, profit, and interest. C) stocks, bonds, and financial assets. D) technology, human capital, and comparative advantage.
Government tax revenues collected annually from casinos total approximately
A. $100 million. B. $1 billion. C. $10 billion. D. $500 million.