A liberal economist would never recommend that policy makers cut union wages.
Answer the following statement true (T) or false (F)
False
Never say never. There may be some situations in which a liberal economist would recommend union wage cuts. It depends.
You might also like to view...
Suppose that you desperately need a grade of "A" from your International Finance course and further suppose that it depends upon the grade that you will get from the term paper that you write on PPP
Let's assume that you know that your teacher believes that PPP holds anytime anywhere. What kind of evidence would you submit that would indicate that PPP holds? In other words, what kind of countries and data would you choose for your analysis to bias the empirical results regarding PPP?
The amount of revenue a firm receives for the sale of its products minus its costs of production as measured by its accountants is the firm's
a. earnings. b. retained earnings. c. economic, or real, profit. d. dividend.
Special interest group Z receives a 1/200th slice of the economic pie. Its net benefit from both an economic growth policy and a transfer policy is $30,000. How much does the size of the economic pie (Real GDP) need to grow before group Z is indifferent between the two policies?
A) $150 B) $600,000 C) $600,000,000 D) $6,000,000 E) none of the above
Generally, as levels of pollution are reduced
A) marginal benefits from the reduction increase. B) marginal costs from the reduction increase. C) marginal costs from the reduction stay the same. D) marginal costs from the reduction decrease.