Prices influence the distribution of income by making the distribution fairer
a. True
b. False
Indicate whether the statement is true or false
False
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In an ultimatum game
A) non-profit-maximizing behavior often occurs. B) players move simultaneously. C) players act in an economically rational way. D) one player receives nothing.
Over the past 40 years, there has been an increase in spending on public education without a significant increase in student performance. One explanation given by economists on why student performance has not improved is that
A) not enough funds have been spent on public education. B) schools are providing high-priced services that are not valued by parents. C) the quantity of educational services has not increased beyond the pre-subsidy equilibrium. D) too much competition for educational services.
Sources of productivity growth include all of the following except:
A. An increase in the ratio of capital to labor. B. An increase in the price level. C. Better use of available resources in the production process. D. An increase in labor skills.
International financial flows have changed in meaningful ways, and these changes were brought to the attention of policy makers by the Asian financial crisis. Describe three changes
What will be an ideal response?