Suppose you hear Professor I.M. Dismal say, "There is no substitute for carefully reading your textbook!" In the real world, students

A) will always and absolutely obey their professor's orders.
B) will purchase the textbook regardless of its price.
C) will often find what they believe are useful substitutes for reading the text.
D) will have a vertical demand curve for textbooks.

C

Economics

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The marginal cost of investment for the firm is equal to

A) 1. B) -1. C) MP'K. D) -MP'K.

Economics

Fiscal stimulus is most likely to direct resources into productive projects when spending decisions are left in the hands of

a. government agencies. b. consumers. c. Congress. d. lobbyists and special-interest groups.

Economics