Policymaking that is carried out in response to a rule is
A. determined policymaking.
B. restrictive policymaking.
C. passive policymaking.
D. active policymaking.
Answer: C
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Which of the following statements is true?
a. Discrimination against women and blacks reduces the demand for these workers resulting in lower wages paid these workers. b. Discrimination is no longer a problem in the United States. c. A negative income tax system is a plan where everyone pays the same percentage of their income as taxes. d. A negative income tax system is a plan where those below a certain income receive a cash payment from government.
Refer to the information provided in Table 31.1 below to answer the question(s) that follow.Table 31.1PeriodQuantity of Labor (L)Quantity of Capital (K)Total Output (Y)1 50 50 2002 60 50 2203 70 50 2354 80 50 245Refer to Table 31.1. During Period 2, labor productivity is equal to
A. 0.27. B. 0.83. C. 1.2. D. 3.67.
What will be the effects of an increase in the money supply on the interest rate?
What will be an ideal response?
Markets can fail when there is
A) a clear definition of property rights. B) common property. C) an absence of externalities. D) competition.