Populist policies are not successful even in the immediate short run at stimulating the economy and creating jobs
Indicate whether the statement is true or false
FALSE
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A voucher is
A) the production of a good by some public institution. B) a payment that government makes to private producers. C) a token that government provides to households to use in purchasing a specific good. D) a permit to pollute. E) a tax that is imposed on consumers rather than producers.
When economies of scale exist,
a. production costs per unit increase as output expands. b. production costs per unit decline as output expands. c. total production costs decrease. d. total production costs increase.
A highly charitable person, such as Mother Theresa, will be influenced by
a. changes in benefits, but not costs. b. changes in costs, but not benefits. c. both changes in benefits and costs. d. neither changes in benefits nor costs.
One complication that tends to prolong recessionary gaps is that wages
A. are fixed by unions, which represent nearly all workers in the United States. B. tend to rise rapidly. C. rarely fall. D. tend to move in the opposite direction from prices.