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Question
Discretionary fiscal policy is so named because it
A) is undertaken at the order of the nationʹs central bank.
B) occurs automatically as the nationʹs level of GDP changes.
C) involves specific changes in taxes and government spending undertaken by Congress and the president.
D) involves secret advice given by the Council of Economic Advisers to the president.
Answer
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The regulation of the prices charged by insurance companies is known asA) the Federal Register. B) social regulation.C) the market share test. D) economic regulation.
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If the marginal product curve is intersecting the average product curve, we know thatA) the average variable cost curve is intersecting the average total cost curve.B) the marginal cost curve is intersecting the average fixed cost curve. C) the average total cost curve lies above the marginal cost curve.D) the marginal cost curve is intersecting the average total cost curve.
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Why should a perfect competitor produce at which price equals marginal cost?
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Q:
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Why?
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Which of the following type of shops is unlawful under the provisions of the Taft -Hartley Act?A) union shops B) closed shopsC) modified union shops D) open shops