The Occupy Wall Street movement advocates
A) a shift away from market capitalism.
B) a shift towards more market capitalism.
C) centrally planned socialism.
D) following the teachings of Adam Smith.
A
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Which of the following is an example of an automatic stabilizer during a recession?
A) A decrease in tax revenue due to an increase in unemployment B) An increase in money supply due to a decrease in bank deposits C) An increase in interest rates due to a decrease in investment D) A decrease in inflation due to an increase in consumption
What is a network externality?
A) It refers to a product that requires connection to a network for it to be useful. B) It refers to a situation in which a product's usefulness increases with the number of people using it. C) It refers to having a network of suppliers and buyers for a good or service. D) It refers to lobbying to form a public enterprise.
Specialization according to comparative advantage followed by free trade makes every economy better off
a. True b. False Indicate whether the statement is true or false
In a production possibilities frontier, a point ________ the frontier is productively inefficient
A) along B) inside C) outside D) at either intercept of