The greatest difficulty with cost-benefit analysis of a public project is determining
a. whether government revenue is sufficient to cover the cost of the project.
b. which contractor should be awarded the project.
c. the cost of the project.
d. the value or benefit of the project.
d
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An increase in the real interest rate results in a
A) rightward shift in the supply of loanable funds curve. B) leftward shift in the supply of loanable funds curve. C) movement along the supply of loanable funds curve. D) none of the above.
Economic growth at constant prices will never lead to a fall in the output of one good
Indicate whether the statement is true or false
One reason that the Phillips curve “broke down” is that it
A. is unable to explain short-run movements in inflation and unemployment, but does a better job of explaining long-run movements. B. assumes a quick-acting self-correcting mechanism, and the economy has a very slow self-correcting mechanism. C. is a statistical relationship, and some of the points are not sustainable in the long run. D. cannot explain demand-side inflation, and it collapsed when demand-side inflation was predominant in the 1970s.
Tests used to rate the performance of rules developed in technical analysis conclude that technical analysis
A) outperforms the overall market. B) far outperforms the overall market, suggesting that stockbrokers provide valuable services. C) does not outperform the overall market. D) does not outperform the overall market, suggesting that stockbrokers do not provide services of any value.