Households and firms pay taxes to the government to:

The productivity of workers is defined as the

The supply of loanable funds is _____ sloping because _____ respond to lower interest rates by _____ their quantity supplied of loanable funds.

Of the following items, which would NOT be included in GDP? 

Nominal GDP is best defined as:

The practice of setting prices deliberately below average variable costs in order to put a rival out of business is known as ________ pricing.

Intermediate goods are not counted in GDP because:

The term “import” refers to:

Which of the following statements about transfer payments is true?

When marginal revenue is less than marginal cost, the firm should