The new growth theory would be most likely to lend support for increased government support for
a. land acquisition.
b. natural resource development.
c. stricter environmental standards.
d. higher education.
d
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Under a system of rent controls, landlords are more likely to
A) discriminate against middle aged tenants. B) discriminate against students. C) discriminate against wealthy tenants. D) experience high vacancy rates. E) maintain apartments in better condition.
In the long run, both monopolistically competitive and perfectly competitive firms attain
A) lowest cost production. B) positive economic profits. C) zero economic profits. D) productive efficiency.
All of the following would show a more equal distribution than the distribution of money income EXCEPT
A) total income. B) after-tax income. C) wealth. D) lifetime earnings.
When people forget that money is ____________ they often make ______________ decisions.
A. fungible; liquid B. fungible; irrational C. liquid; irrational D. liquid; rational