Government spending on public health promotes economic productivity by ________
A) encouraging research and development
B) increasing national savings
C) increasing human capital
D) building infrastructure
C
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A politician states "taxes should be raised to provide more spending on school lunch programs." This is ____________
Fill in the blank(s) with the appropriate word(s).
Best guesses of an event occurring in the future are based on
A) estimates derived from the frequency of the event occurring in the past. B) coin flips. C) subjective probability. D) the wisdom of crowds.
A group of firms are selling undifferentiated products if
A) consumers perceive the products identical between the firms. B) production costs are the same for all firms. C) the firms are selling goods that are identical, though consumers view them as different. D) the firms are part of a single cartel.
Microeconomics focuses on: a. economic growth
b. trade balances. c. unemployment. d. the actions of individual households.