Almost all economists agree that local and state governments should
a. eliminate subsidies to professional sports franchises.
b. increase subsidies to professional sports franchises.
c. copy economic policy from Washington, D.C.
d. prevent companies from outsourcing work.
a
You might also like to view...
A supply schedule shows
A. the “market potential” for a product. B. how much producers are willing and able to sell at different prices. C. possible combinations of output under different conditions. D. how much consumers would like to buy at different prices. E. All of these responses are correct.
The reduced form equation for X
A) regresses the endogenous variable X on the smallest possible subset of regressors. B) relates the endogenous variable X to all the available exogenous variables, both those included in the regression of interest and the instruments. C) uses the predicted values of X from the first stage as a regressor in the original equation. D) uses smaller standard errors, such as homoskedasticity-only standard errors, for inference.
When a country allows trade and becomes an exporter of goods, producers gain more than consumers lose
a. True b. False Indicate whether the statement is true or false
According to new classical economists, if the Fed increases the money supply after it announces it, output ________ and the price level ________.
A. remains constant; remains constant B. increases; remains constant C. increases; increase D. remains constant; increases