Because special interest groups tend to favor transfer policies rather than economic growth policies, many economists believe that these special interest groups help to improve economic efficiency.
Answer the following statement true (T) or false (F)
False
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Script Pro produces robots that are sold to retail pharmacies. Among other things the robotsprint and apply the prescription and auxiliary labels and delivers uncapped vials for final inspection using on-screen drug image verification
The manager of the pharmacy is trying to calm his workers' fear that their jobs are in jeopardy if he starts using these robots. What economic explanation could the manager use to assuage the fears of his employees that their jobs are in jeopardy.
According to the economy in Figure 5.3, net exports
A. Made a positive contribution to GDP from 1970 to 1985. B. Were a negative number from 1970 to 1985. C. Did not impact GDP from 1990 to 2000 because exports were greater than imports. D. Were a negative number from 1990 to 2000.
If the MPS is 0.1, the government spending multiplier is
A. 10. B. 5. C. 2. D. 1.11.
Refer to the graph below. Assume the economy is at the initial position of B2. It is possible for the government to reduce the unemployment rate and move the economy to C2 if:
A. Expected inflation remains at 4%
B. Expected inflation becomes 8%
C. Actual inflation remains at 4%
D. Actual inflation is at 12%