Microeconomics

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Which of the following is an example of a leakage from the circular flow of income and expenditure? ... Started by Evvie72	1 Replies 25 Views	Jun 30, 2018 by zoeyesther
Which of the following is an automatic stabilizer? a. Unemployment insurance b. Government spending ... Started by soccerdreamer_17	1 Replies 33 Views	Jun 30, 2018 by xthemafja
Which of the following is an example of an injection into the circular flow of income and ... Started by luvbio	1 Replies 34 Views	Jun 30, 2018 by yeungji
Suppose a firm can hire 100 workers at 8.00 per hour but must pay 8.05 per hour to hire 101 workers. ... Started by tuffie	1 Replies 77 Views	Jun 30, 2018 by frre432
Which of the following is a problem associated with gross domestic product (GDP) as a measure of ... Started by Mr. Wonderful	3 Replies 66 Views	Jun 30, 2018 by recede
BigBiz, a local monopsonist, currently hires 50 workers and pays them 6 per hour. To attract an ... Started by piesebel	1 Replies 56 Views	Jun 30, 2018 by leahm14
Because the income tax structure is progressive, the amount of taxes paid is a _____. a. constant ... Started by dollx	1 Replies 28 Views	Jun 30, 2018 by yasmina
Lois sells ten sweaters she had knitted to a retail store. The gross domestic product (GDP) of her ... Started by fbq8i	1 Replies 76 Views	Jun 30, 2018 by Carliemb17
A monopsonist's marginal factor cost (MFC) curve lies above its supply curve because the firm must: ... Started by lbcchick	1 Replies 46 Views	Jun 30, 2018 by chinwesucks
The Golden Age of fiscal policy was during _____. a. the 1920s b. World War II c. the Eisenhower ... Started by rayancarla1	1 Replies 26 Views	Jun 30, 2018 by ASDFGJLO
The gross domestic product (GDP) of an economy for a particular year is likely to increase if _____. ... Started by geodog55	1 Replies 14 Views	Jun 30, 2018 by jennafosdick
A monopsony owner believes that hiring an additional worker would increase the company's revenue by ... Started by roselinechinyere27m	1 Replies 52 Views	Jun 30, 2018 by zoeyesther
During the 1970s, demand-management policy: a. continued to be highly successful in curing the ... Started by littleanan	3 Replies 47 Views	Jun 30, 2018 by leahchrapun
The best number of workers for any employer to hire is that quantity in which: a. the marginal ... Started by JMatthes	1 Replies 54 Views	Jun 30, 2018 by ankilker
Fiscal policy is likely to fail to correct stagflation in an economy because: a. it affects both ... Started by mcmcdaniel	1 Replies 22 Views	Jun 30, 2018 by swimkari
For a monopsonist, the supply of labor facing the firm is: a. an insignificant portion of the ... Started by leilurhhh	1 Replies 19 Views	Jun 30, 2018 by aidanmbrowne
Which of the following is true of the Golden Age of fiscal policy of the 1960s? a. Fiscal policy ... Started by dbose	1 Replies 31 Views	Jun 30, 2018 by spencer.martell
Depreciation refers to: a. the value of leisure goods. b. changes in exchange rates. c. income that ... Started by ETearle	1 Replies 13 Views	Jun 30, 2018 by choc0chan
Which of the following is a difference between net domestic product (NDP) and gross domestic product ... Started by Kthamas	1 Replies 17 Views	Jun 30, 2018 by lkoler
Which of the following is not a weakness of fiscal policy as a tool of economic stabilization? a. ... Started by bb	1 Replies 17 Views	Jun 30, 2018 by jaymee143
Given the following hypothetical data where C = 3,000; I = 1,200; G = 2,000; X M = 500; ... Started by scienceeasy	3 Replies 14 Views	Jun 30, 2018 by ong527
The U.S. Department of Commerce has been developing so-called green accounting to: a. include the ... Started by ghost!	1 Replies 25 Views	Jun 30, 2018 by strudel15
The rate of unemployment that occurs when the economy is producing its potential GDP _____. a. is ... Started by sam.t96	1 Replies 46 Views	Jun 30, 2018 by beccamahon
A shortcoming of national income accounting is that it ignores: a. the depreciation of manufactured ... Started by SAVANNAHHOOPER23	1 Replies 11 Views	Jun 30, 2018 by lou
Suppose a previously competitive labor market turns into a monopsony. The labor supply curve faced ... Started by student77	1 Replies 49 Views	Jun 30, 2018 by SamMuagrove