If two goods are perfect complements, the shapes of the indifference curves are
A) bowed toward the origin.
B) bowed away from the origin.
C) straight lines.
D) right-angled lines.
D
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In the market for factors of production, households earn income by supplying factors of production to firms
Indicate whether the statement is true or false
As a result of moving more decision making from the center toward the periphery of the organization, typically
a. the flow of information to the decision maker that is relevant to the decision should be enhanced b. the flow of information from the decision maker that is relevant to the decision should be enhanced c. the incentives to make good decisions should be strengthened d. the incentives to make good decisions should be weakened
The principal objective of the Federal Reserve System is to
a. circulate coins and paper Federal Reserve Notes. b. subsidize the income of member banks. c. help stabilize the economy through monetary policy. d. make profits to remit to the Treasury Department.
Pigovian taxes are used to counterbalance:
A. negative externalities. B. network externalities. C. positive externalities. D. They could be used to counteract any of these.