An increase in the deadweight loss (DWL) means
A) an additional reduction in welfare by one group that is not offset by a gain to another group.
B) an additional reduction in welfare by one group that is offset by a gain to another group.
C) an additional increase in welfare by one group that is not offset by a gain to another group.
D) an additional increase in welfare by one group that is offset by a gain to another group.
A
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When people are educated, they become:
A. more productive to society, because they have more skills to apply to a job. B. less productive to society, because they stop working while in school. C. less productive to society, because they require higher pay per hour. D. more productive to society, because they are paid more.
The number of times per year a dollar is used to transact an exchange is known as
a. liquidity of money b. velocity of money c. quantity theory of money d. equation of exchange e. rapidity index
If you thought the share price of a stock was going to fall, would you be more likely to buy a call option or a put option?
A) a call option B) a put option C) a call option and a put option D) There is not enough information given to answer this question.
"Recession" refers to a period when real GDP in the economy:
A. declines for at least six months. B. suffers due to political instability. C. grows rapidly. D. experiences a rise in living standards.