Bad process
What will be an ideal response?
1. Use irrelevant information
2. Ignore or miscalculate relevant information
Economics
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When the free rider problem is present in a market the good:
A. will be oversupplied. B. will be under consumed. C. is rival in consumption. D. is not excludable.
Economics
The burden a tax places on buyers versus sellers is:
A. independent of which side is charged the tax. B. always split in half. C. never shared. D. depends on which side is charged with the tax.
Economics
Macroeconomics focuses on the economy as a whole
a. True b. False
Economics
Proponents of monetary policy based on fixed rules base their position on the assumption of a vertical aggregate supply curve.
a. true b. false
Economics