Making blackmail, extortion, and other forms of private coercion illegal is one way that government:
A. Reduces private-sector economic risk
B. Increases private-sector economic risk
C. Reduces the market's economic efficiency
D. Increases the economy's deadweight losses
A. Reduces private-sector economic risk
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According to human capital theory, all of the following help make workers more productive EXCEPT
A) health and fitness. B) increased unemployment benefits. C) skills. D) education.
When a good has many close substitutes available, it is likely to be:
A. less price elastic than are goods without close substitutes available. B. more price elastic than are goods with many complement goods available. C. less price elastic than are goods with many complement goods available. D. more price elastic than are goods without close substitutes available.
One of reasons the government may choose to spend would be the:
A. real interest rates increase. B. beliefs about what citizens may need. C. government expected to earn a large return on its spending. D. real interest rates decrease.
The aggregate demand curve shows a ________ relationship between ________ and total quantity of output ________.
A) positive; the interest rate; demanded B) negative; the price level; supplied C) positive; the price level; demanded D) negative; the price level; demanded