Author Question: The tax cuts passed during the Reagan administration were designed primarily to: a. boost savings ... (Read 60 times)

tfester · **on:** Jun 30, 2018

The tax cuts passed during the Reagan administration were designed primarily to:
a. boost savings among consumers.
b. shift the aggregate demand curve rightward.
c. reduce the balance-of-payments deficit.
d. increase the supply of productive resources.
e. increase the tax base and include more tax payers.

Question 2

The marginal revenue product of a resource:
a. is defined as the marginal product of the resource multiplied by the resource price.
b. simply means that a firm should add to its capital stock as long as competition requires it.
c. equals the extra output produced by an additional unit of the resource multiplied by the price of that output.
d. equals the average product of the resource multiplied by the cost of hiring an additional (marginal) unit of the resource.