Which of the following is NOT a key component of every game?
A) Strategies
B) Players
C) Payoffs
D) Cooperation
D
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It may be demonstrated that any protectionist policy, which effectively shifts real resources to import competing industries or sectors will harm export industries or sectors. This may, for example, happen by the strengthening U.S
dollar in the foreign exchange market. Would you propose therefore that export industries lobby against protectionism in International Trade Commission proceedings? What of consumer advocates? Discuss the pros and the problems of such a suggestion.
In the new Keynesian model, an ________ increase in productivity will impact ________
A) unanticipated; both aggregate demand and aggregate supply B) anticipated; both aggregate demand and aggregate supply C) anticipated; aggregate demand, but not aggregate supply D) unanticipated; aggregate demand, but not aggregate supply
Measures of student performance have not increased even though per-pupil government subsidies have increased because
A. parents and children value the last unit of educational services received more than the cost. B. there is a need for more funds to be spent. C. we have declining enrollment in public schools. D. parents and children value the last unit of educational services received less than the cost.
What is supply-side economics? What is the rationale for it? Is it effective?
What will be an ideal response?