The government can potentially improve market outcomes if market inequalities or market failure exists
a. True
b. False
Indicate whether the statement is true or false
True
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According to this Application, three economists that studied data from the countries in the OECD found the value of the multiplier to be
A) 1.3. B) 2.3. C) 3.3. D) 4.3.
Which of the following is true of the wage gap between the top 10% of earners and the bottom 10% of earners in the U.S. economy?
A) The wage gap has increased over time. B) The wage gap has decreased over time. C) The wage gap has remained the same over time. D) There is hardly any wage gap between the top 10% of earners and the bottom 10% of earners in the U.S. economy.
What is the role of the "discount window" in preventing financial crises? How was it used during the financial crisis of 2007-2009?
What will be an ideal response?
A study conducted by the Moscow-based management consulting firm Strategy Partners found that average labor productivity in Russia is only 17 percent of labor productivity in the United States. What factors would cause U.S. labor productivity to be nearly size times higher than Russian labor productivity?
A. The size of the civilian labor force is larger in the U.S. B. The size of the civilian labor force is larger in Russia, causing diminishing returns to set in C. The U.S. has more capital available per worker and higher levels of technology D. Russia overall has a smaller capital stock