Measuring society's welfare as 2*CS + 0.5*PS
A) gives heavier weight to consumer gains.
B) gives heavier weight to producer gains.
C) treats the gains to consumers and producers equally.
D) treats gains and losses with different weight.
A
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Aggregation allows economists to ________ at the cost of ________.
A. make normative statements; ignoring positive analysis B. make positive statements; ignoring normative analysis C. see the big picture; obscuring the details D. see the details; obscuring the big picture
Which policy measure makes it unlawful for a registered public accounting firm to provide any nonaudit service to a client contemporaneously with an impermissible audit?
A) Sarbanes-Oxley Act of 2002 B) Global Legal Settlement of 2002 C) Gramm-Leach-Bliley Act of 1999 D) Riegle-Neal Act of 1994
In a free market the quantity demanded will not exceed the quantity supplied of a resource, even if it is undergoing rapid depletion
a. True b. False Indicate whether the statement is true or false
When the money supply decreases
a. interest rates fall and so aggregate demand shifts right. b. interest rates fall and so aggregate demand shifts left. c. interest rates rise and so aggregate demand shifts right. d. interest rates rise and so aggregate demand shifts left.