The benevolent social planner is based on an actual 19th century economist named Karl Marx
Indicate whether the statement is true or false
FALSE
You might also like to view...
Ricardian equivalence is the proposition that
A) government expenditure should only be financed by taxes. B) it does not matter whether government expenditure is financed by creating new money or issuing debt. C) government expenditure should only be financed by issuing new debt. D) it does not matter whether government expenditure is financed by taxes or debt.
Any dominant equilibrium implies:
a. a sequential game b. instability c. a price-taking equilibrium d. a Nash equilibrium
Over the last ten years which geographic area or country had the highest per capita growth rate?
A. Western Europe B. China C. Latin America D. North America
Which of the following is true for the law of supply?
A. Buyers decrease the quantity of a good purchased as price increases.
B. Sellers increase the quantity of a good supplied as price increases.
C. Price decreases as more units are supplied.
D. A decrease in price results from more demand.