One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money.
B. by increasing government spending.
C. by setting price ceilings on most goods so people can afford them.
D. None of these will help an economy in recession.
Answer: B
Economics
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If the production of wheat were subsidized by government,
A) the demand for wheat would increase. B) the supply of wheat would increase. C) both A & B would occur. D) none of the above would occur.
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If the marginal rate of substitution between tea and sugar is constant, then tea and sugar can be considered _____
a. perfect complements b. perfect substitutes c. merit goods d. inferior goods
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