Economic efficiency requires that no more Pareto improvements are still possible
a. True
b. False
A
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Which of the following statements is true?
A) Firm-specific training results in losses to a worker. B) Firm-specific training results in losses to a worker's employer. C) A worker is more likely to pay for firm-specific training than for general training. D) A worker is more likely to pay for general training than for firm-specific training.
The irrelevance of monetary changes for real variables is called monetary neutrality. Most economists accept monetary neutrality as a good description of the economy in the long run, but not the short run
a. True b. False Indicate whether the statement is true or false
The congressional act passed in 1946 that contained the first official statement of goals for economic performance in the United States was the
A) Federal Reserve Act. B) Gramm-Rudman Act. C) Employment Act. D) Humphrey-Hawkins Act.
Joining the Eurozone meant that countries could have unlimited budget deficits.
Answer the following statement true (T) or false (F)