The Ricardo-Barro effect of a government budget deficit refers to
A) a change in private savings supply.
B) a large crowding out effect from a government budget deficit.
C) a large crowding out effect from a government budget surplus.
D) the international impact of government deficits.
A
Economics
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The market demand for MP3 players is p = 50 - 0.5Q, and the marginal cost for an MP3 player is $10. If Nick receives 60% of the total profit, then
A) Nick will produce 50 MP3 players. B) Nick receives $500 as profit. C) total profit is $800. D) the efficiency in production is not achieved.
Economics
The value of the marginal product of labor is given by the product of the marginal product of labor and the market wage rate
Indicate whether the statement is true or false
Economics