It's impossible to sustain economic growth or development in the absence of:
A. income equality.
B. improvements in education.
C. membership to world organizations, like the United Nations.
D. a rule of law.
Answer: D
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Assortative mating means that
A) poor women and rich men tend to marry. B) rich women and rich men tend to marry. C) rich women and poor men tend to marry. D) there are limited incentives to marry anyone.
What is the output level predicted by the Cournot model? Discuss this in terms of the different market models that have been surveyed so far
What will be an ideal response?
If the aggregate supply curve is flat,
A. expansionary fiscal or monetary policy will cause a good deal of inflation with little increase in real output. B. expansionary fiscal or monetary policy will buy large gains in real output at low cost in terms of inflation. C. a contractionary stabilization policy is an effective way to reduce inflation. D. decreasing the income tax will not shift aggregate demand.
Carla is deciding whether to go to the movies this afternoon. Behavioral economists predict Carla likely will:
A. have a difficult time accurately valuing the benefit of the movie. B. have a hard time accurately valuing her opportunity cost of the movie. C. over-value her opportunity cost. D. All of these are true.