A key resource is a material:
A) that is unlimited in supply.
B) that is rationed by the government.
C) that is available to monopolies only.
D) that is essential for the production of a good.
D
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Supporters of supply side economics believe that
a. government should be used as a tool to increase demand for goods b. demand for goods increases when prices rise c. taxes have a strong negative influence on economic output d. tax cuts have little impact on worker productivity
If the government cuts the tax rate, workers get to keep
a. less of each additional dollar they earn, so work effort increases, and aggregate supply shifts right. b. less of each additional dollar they earn, so work effort decreases, and aggregate supply shifts left. c. more of each additional dollar they earn, so work effort increases, and aggregate supply shifts right. d. more of each additional dollar they earn, so work effort decreases, and aggregate supply shifts left.