Which one of the following statements is incorrect?
A. Policy activists believe in the use of fiscal and monetary policies to combat inflation and unemployment.
B. Monetarists are policy activists.
C. Keynesians are policy activists.
D. New classical economists are non-interventionists.
B. Monetarists are policy activists.
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If one person has the absolute advantage in producing both of two goods, then that person
a. must also have a comparative advantage in both goods b. cannot benefit from trade c. cannot have a comparative advantage in either good d. will have the comparative advantage in only one good e. should specialize in the production of both goods
Explain how mutual funds are advantageous to small investors
A price decrease causes a consumer's "real" income to:
A. increase. B. remain unchanged. C. decrease. D. decrease or increase depending on the size of the price change.
Why do street performers face a free-rider problem? How do they try to reduce this problem?
Please provide the best answer for the statement.