Which of the following will decrease the natural rate of interest?
A) An increase in taxes
B) An increase in investment spending
C) A decrease in inflationary expectations
D) An increase in the money supply
B
Economics
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When a person does NOT have to pay the full costs for using a scarce resource, then
A) the use of the resource is not affected since society pays for the resource. B) more of the resource will be used. C) the internal costs of using the resource are too high. D) the social costs of the resource are less than they would be if the "correct" amount of the resource were being used.
Economics
The cost of hiring one more worker, ceteris paribus, is known as
A) marginal revenue product. B) marginal physical product. C) marginal factor cost. D) marginal wage.
Economics