Government decisions tend to be biased toward actions that have
a. current benefits that are easily observable and future costs that are difficult to identify.
b. current benefits and future costs that are both difficult to identify.
c. future costs that are easily observable.
d. clear benefits to the poor at no costs to the wealthy.
A
You might also like to view...
In the above figure, at the point where AD equals SAS
A) real GDP exceeds potential GDP. B) potential GDP exceeds real GDP. C) the economy is in a recession. D) the unemployment rate is zero.
Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. What fundamental economic question are they addressing by offering this range of items?
A) What to produce? B) Why produce a variety of items? C) Who to produce the items for? D) How to produce goods that consumers want?
__________ is the set of characteristics, skills and knowledge that distinguishes certain people from novices and less experienced people
a. Expertise b. Imagineering c. Performance d. A value chain
A problem that the Fed faces when it attempts to control the money supply is that
a. the 100-percent-reserve banking system in the U.S. makes it difficult for the Fed to carry out its monetary policy. b. the Fed has to get the approval of the U.S. Treasury Department whenever it uses any of its monetary policy tools. c. the Fed does not have a tool that it can use to change the money supply by either a small amount or a large amount. d. the Fed does not control the amount of money that households choose to hold as deposits in banks.