Which of the following is a thrift institution? i. a credit union ii. the Fed iii. a savings bank

Which of the following statements describes the presence of diminishing returns? All else equal,

a. Marginal product curve is constant b. Marginal product curve is falling and negative c. Marginal product curve is positive and rising d. Marginal product curve is positive and falling

If all fixed taxes in the United States were removed and only variable taxes remained, what would be the effect on the expenditures schedule?

a. The expenditure schedule will shift upward. b. The expenditure schedule will shift downward. c. The expenditure schedule will become flatter. d. The expenditure schedule will become steeper.