Assume investment is possible. Which of the following will decrease the supply of current consumption?
a. Decreased productivity of capital.
b. A plague that kills half of the economy's laborers.
c. Increased productivity of capital.
d. A temporary rise in people's wealth.
c. Increased productivity of capital.
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In the above figure, at the efficient quantity of CDs
A) total consumer surplus is zero. B) total producer surplus is zero. C) the sum of consumer surplus and producer surplus is maximized. D) Both answers A and B are correct.
Why would the market economy produce too little education?
What will be an ideal response?
A major factor contributing to the growth in employee-based health insurance in the United States has been
a. greater than average economic growth leading to increased demand for labor. b. the tax free treatment of health insurance as an employee benefit. c. legislation requiring all firms to provide health insurance to all full-time workers. d. the long standing tradition in the United States of providing a generous package of benefits to all workers.
Recent housing reforms in Cuba should give homeowners? ________ incentives to repair their homes and therefore? ________ construction of new homes.
A) more; decrease
B) fewer; increase
C) fewer; decrease
D) more; increase