The higher the marginal income tax rate, the
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Higher the MPC out of disposable income
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Lower the MPC out of disposable income
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Highest the autonomous expenditure multiplier
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lower the autonomous expenditure multiplier
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Bill2021-10-13 13:45:412021-10-13 13:45:41marginal income tax rateThe rational entrepreneur will expand his output and select input combinations which lies on his:
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Isoquant line
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Ridge line
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Isoquant line
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Bill2021-10-13 13:40:192021-10-13 13:40:19rational entrepreneurAn example of negative productivity shocks that could cause recessions is
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A hurricane which destroys capital
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A decrease in the price of oil
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Reductions in defense spending
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All of the above
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Bill2021-10-13 13:25:572021-10-13 13:25:57negative productivityDemand =Desires+ ______________ + willingness to pay
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Supply
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utility
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Want
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Bill2021-10-13 11:28:432021-10-13 11:28:43DemandFactors which change over a long period of time are called ______________ factors
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Business
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Cyclic
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Secular
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Bill2021-10-13 11:19:462021-10-13 11:19:46FactorsGenerally demand curve have ______________
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Negative slope
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Positive slope
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Horizontal line
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Bill2021-10-13 11:12:562021-10-13 11:12:56demand curve“A rupee tomorrow is worth less than a rupee today” relates to
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Opportunity cost principle
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Discounting principle
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Equi‐marginal principle
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Bill2021-10-13 11:04:052021-10-13 11:04:05Discounting principle______________ product will never be zero or negative
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Marginal
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Total
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Average
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Bill2021-10-13 10:51:582021-10-13 10:51:58productWhere boom ends, ______________ starts
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Recovery
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Recession
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Progress
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Bill2021-10-13 10:50:262021-10-13 10:50:26boomA firm that is the sole seller of a product without close substitutes called:
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Monopoly
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Oligopoly
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Competition
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Bill2021-10-13 10:48:592021-10-13 10:48:59Monopoly