During an economic slump, policies that lower interest rates may not actually boost investment because
A) lower interest rates tend to discourage investment, all other things unchanged.
B) investment is never affected by interest rate changes.
C) of pessimistic expectations by businesses about the future of the economy.
D) taxes may have been decreased during a recessionary period.
Ans: C) of pessimistic expectations by businesses about the future of the economy.
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All of the following are examples of fringe benefits except
A. health insurance. B. retirement payments. C. overtime payments. D. education subsidies.
Marginal cost can be defined as the change in
A. average total cost resulting from the production of an additional unit of output. B. total cost resulting from the production of an additional unit of output. C. average variable cost resulting from the production of an additional unit of output. D. total fixed cost resulting from the production of an additional unit of output.