The tax rebate of 2008 is an example of
a. expansionary monetary policy.
b. contraction fiscal policy.
c. contraction monetary policy.
d. pump priming.
d. pump priming.
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Expectations of asset values by participants in financial markets
A) are not possible to model, given the current state of economic knowledge. B) determine market prices, but are not related to changes in market prices. C) generally do not change. D) determine current market prices and changes in market prices.
In the tourist-trap model, a consumer might pay more than marginal cost for a good sold in a competitive market if the cost of possibly finding the good cheaper is more than the markup over marginal cost
Indicate whether the statement is true or false
A downside to foreign aid is that
a. developing countries have not necessarily increased their ability to become self-supporting at higher standards of living b. many recipient countries are doing less of what they had done well c. the agricultural sectors of recipient countries have suffered d. government officials have been insulated from their own incompetence e. All of the answers are correct
Self-interest could never include benevolence
a. True b. False Indicate whether the statement is true or false