To reduce distortions in the economy, it is probably better to finance temporary large government spending with
A) deficits.
B) taxes.
C) exports.
D) all of the above
E) none of the above
A
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The health care reforms passed by the U.S. government in 2010 are collectively referred to as
A) the Patient Protection and Affordable Care Act. B) socialized medicine. C) the National Health Service. D) the Medicare and Medicaid Cooperative.
A monopsony pays a wage rate ________ the marginal cost of labor and ________ the value of marginal product of labor
A) equal to; equal to B) lower than; lower than C) equal to; lower than D) lower than; equal to
The slope of the perfectly inelastic demand curve is ________, the slope of the perfectly elastic demand curve is ________.
A. one, zero B. zero, undefined C. undefined, zero D. one, one
With the debris of more than 50 years of climbing on the beautiful high slopes — oxygen canisters, tents, backpacks and even some bodies — Mount Everest has been called the world's highest garbage dump
If Everest is a common resource, currently there is an ________ of the mountain. A) inefficient underuse B) efficient overuse C) efficient underuse D) inefficient overuse