Microeconomics

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According to the classical economists, which of the following would make prolonged unemployment ... Started by tuffie	1 Replies 73 Views	Jun 30, 2018 by jgranad15
Suppose rice can be produced in country X at a lower cost than in country Y, while tuna can be ... Started by piesebel	3 Replies 165 Views	Jun 30, 2018 by aidanmbrowne
Which of the following statements is true about Say's law? a. It states that supply creates its own ... Started by bobbie	1 Replies 39 Views	Jun 30, 2018 by frre432
If a country has a lower opportunity cost of producing oranges, then this is: a. inefficient ... Started by tth	1 Replies 68 Views	Jun 30, 2018 by kaykay69
If a country has a comparative advantage in the production of all goods, it should: a. specialize ... Started by cmoore54	1 Replies 82 Views	Jun 30, 2018 by Ptupou85
If the economy were left on its own without the interference of government or the Fed, it would move ... Started by Pineapplelove6	1 Replies 98 Views	Jun 30, 2018 by peilian
Sales and excise taxes are: a. progressive. b. proportional. c. regressive. d. ... Started by bio_gurl	1 Replies 148 Views	Jun 30, 2018 by bitingbit
If Japan gives up ten bushels of rice to produce one bicycle, while the United States gives up five ... Started by abarnes	1 Replies 135 Views	Jun 30, 2018 by InfiniteSteez
In the view of the classical school, unemployment: a. is a permanent condition. b. disappears when ... Started by Redwolflake15	1 Replies 38 Views	Jun 30, 2018 by lcapri7
Jan has an income of 30,000 and pays 4,500 in taxes. When Jan's income rises to 40,000 . her tax ... Started by mynx	3 Replies 111 Views	Jun 30, 2018 by Ksh22
If the opportunity cost of producing cheese is higher in Greece than it is in Italy, then: a. ... Started by Davideckstein7	1 Replies 69 Views	Jun 30, 2018 by nekcihc358
The school of thought that emphasizes the natural tendency for an economy to move toward equilibrium ... Started by theo	1 Replies 119 Views	Jun 30, 2018 by kxciann
The average National Basketball Association player is over 6 feet tall. The average horse jockey is ... Started by nmorano1	1 Replies 164 Views	Jun 30, 2018 by kingdude89
Keynes once remarked that, in the long run, we're all dead. He was responding to the conventional ... Started by ahriuashd	1 Replies 137 Views	Jun 30, 2018 by briezy
Which of the following can be classified as a regressive tax? a. Excise tax. b. Sales tax. c. ... Started by RYAN BANYAN	1 Replies 68 Views	Jun 30, 2018 by 6ana001
A tax is structured so that the tax as a percentage of income declines as the level of income ... Started by j.rubin	1 Replies 64 Views	Jun 30, 2018 by Tonny
According to the Keynesian view, the prolonged unemployment of the Great Depression: a. was ... Started by tatyanajohnson	1 Replies 66 Views	Jun 30, 2018 by verrinzo
When Brazil can generate a product using fewer labor hours and resources than the United States, an ... Started by azncindy619	3 Replies 102 Views	Jun 30, 2018 by strudel15
The Keynesian model of macro equilibrium provided an explanation for the: a. high rates of both ... Started by oliviahorn72	1 Replies 65 Views	Jun 30, 2018 by billybob123
A country is said to have an absolute advantage in the production of a good when: a. its ... Started by Arii_bell	1 Replies 71 Views	Jun 30, 2018 by maya.nigrin17@yahoo.com
A country that can produce a good using fewer resources than another country has a(n): a. lower ... Started by TFauchery	1 Replies 87 Views	Jun 30, 2018 by lolol
According to John Maynard Keynes: a. aggregate expenditures (demand) can be forever inadequate to ... Started by ssal	1 Replies 73 Views	Jun 30, 2018 by LegendaryAnswers
The study of the decision-making process of government is the study of: a. Keynesian economics. b. ... Started by SAVANNAHHOOPER23	1 Replies 82 Views	Jun 30, 2018 by ebenov
Cost-benefit principles can be applied to the decision of: a. profit-maximizing firms. b. ... Started by piesebel	1 Replies 84 Views	Jun 30, 2018 by kishoreddi
Keynesians: a. accept the countercyclical policy of doing nothing, that is, allowing market forces ... Started by fbq8i	1 Replies 60 Views	Jun 30, 2018 by diana chang