The benevolent social planner would like to see people take
A) all possible precautions.
B) all cost-justified precautions.
C) only cost-justified precautions.
D) both b and c
D
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Which of the following is FALSE about firms organized along functional lines?
a. Workers develop functional expertise b. Workers can easily share information within their division c. They inhibit the exploitation of economies of scale d. None of the above
Banks that operate under Islamic law are no longer considered intermediaries between borrowers and lenders because they are not allowed to charge interest
a. True b. False Indicate whether the statement is true or false
Which of the following occurs when an expansionary gap is closed in the long run by the action of firms?
What will be an ideal response?
Suppose the central bank decreases the rate of growth of the money supply. What effect will this decrease in money growth have on seignorage in: (1 ) the short run; and (2 ) the medium run? Explain
What will be an ideal response?