Fair outcomes are the result of fair rules defines _____
a. a procedural theory of justice
b. a constitutional theory of justice
c. justice
d. a consensus theory of justice
a
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Economic agents have an incentive to formulate expectations rationally
A) because ignoring information is usually costly. B) to increase prices. C) to reduce wages. D) to ensure that all expectations are realized.
Getting and holding a job does guarantee financial success
Indicate whether the statement is true or false
Based on the table showing a summary of fiscal policy tools, one tool for dealing with a negative RGDP growth rate is ______.
a. decreasing government transfer payments
b. increasing taxes
c. decreasing government purchases
d. increasing government purchases
As the price of a good falls,
A. the consumer surplus rises. B. the consumer surplus falls. C. the consumer surplus may rise or fall. D. A change in price will not affect consumer surplus.