Which of the following is NOT mentioned in the textbook as one of its three goals?
A. Presenting the basic tools of economics
B. Teaching how to successfully invest money in the stock market
C. Promoting an understanding of markets
D. Showing the ways in which the possibilities of today's economy are expanding
Answer: B
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Answer the following statement(s) true (T) or false (F)
1. A non-congested toll road is an example of a good that is excludable, but not rivalrous in consumption. 2. Public goods can frequently be provided by private action when the resulting benefits are widespread. 3. All economists agree that a public good is one the is nonrivalrous and nonexcludable. 4. When a public goods increases the desirability of living in a certain area, benefits tend to be captured entirely by an increase in land values. 5. In a Clarke tax scheme, the amount of tax that a person pays depends, in part, on his revealed preference for the public good.
The purchase of VCU2 by Tomas Tiergarten, a private resident, causes the nation's:
a. Monetary base to remain the same. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to fall.
Sharing the results of applied research conducted under government sponsorship with the private sector, such as the development of the Global Positioning System (GPS), is an example of a government policy to promote economic growth by:
A. increasing physical capital. B. increasing human capital. C. increasing the availability of natural resources. D. improving technology.
An estimated short-run cost function
A. holds the capital stock constant. B. can be estimated using time-series data. C. can be used to make price and output decisions. D. both a and c E. all of the above