Justification of a government program based on the jobs that it will create rather than the merits of the program itself is known as the:
a. law of unintended consequences.
b. invisible hand
c. crowding out effect.
d. broken window fallacy.
d
Economics
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Who are the major participants in the foreign exchange market?
What will be an ideal response?
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"No individual should have less than $20,000 income in the United States in 2010" is an example of
A) a normative statement. B) a positive statement. C) an illogical and refutable statement. D) a truism.
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If there are only three firms in an industry with 50 percent, 40 percent, and 10 percent of the market, respectively, the Herfindahl Index is
a. 40 b. 100 c. 200 d. 33 e. 4,200
Economics
Internal monetary shocks cause less trouble with floating exchange rates.
Answer the following statement true (T) or false (F)
Economics