A policy which gains the winners more than the losers lose, in principle, could never result in unanimous approval of the policy.
Answer the following statement true (T) or false (F)
False
Rationale: One way to think about welfare effects from policy changes is that if the winners gain more than the losers lose, and compensate the losers, it is possible, in principle, that there would be unanimous approval of the policy.
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When the demand for housing slumps, carpenters might expect their incomes to fall
a. True b. False
A decrease in the number of dry cleaners in an area is represented by a(n):
a. downward movement along the dry cleaning supply curve. b. upward movement along the dry cleaning supply curve. c. leftward shift in the dry cleaning supply curve. d. rightward shift in the dry cleaning supply curve. e. vertical dry cleaning supply curve.
We define autonomous expenditure to be expenditure that:
A. depends on how much income changes in the economy. B. that changes under the guidance of the government. C. is unaffected by the current level of income in the economy. D. people make that pertains to the auto industry.
Which antitrust act provided that parties could sue for and, if successful, collect triple damages from monopolistic firms?
A. Wheeler-Lea Act B. Sherman Act C. Clayton Act D. Celler-Kefauver Act