Stabilization policies are actions taken to bring the economy closer to full employment
Indicate whether the statement is true or false
TRUE
You might also like to view...
Given two investments P and Q, with the former having a mean 0.7 and variance 0.17 and the latter having a mean 0.7 and a variance 0.03, a risk-preferrer will be indifferent between the two
Indicate whether the statement is true or false
Which of the following statement(s) best describes trade-offs?
a. The trade-offs in many production possibilities frontiers are represented by a straight line because the law of diminishing returns holds that as resources are added to an area, the marginal gains tend to diminish. b. The trade-offs in many production possibilities frontiers are represented by a curved line because the law of diminishing returns holds that as resources are added to an area, the marginal gains tend to increase. c. The trade-offs in many production possibilities frontiers are represented by a straight line because the law of diminishing returns holds that as resources are added to an area, the marginal gains tend to increase. d. The trade-offs in many production possibilities frontiers are represented by a curved line because the law of diminishing returns holds that as resources are added to an area, the marginal gains tend to diminish.
The downward-sloping demand curve of a monopolistic competitor:
A. reflects product differentiation. B. ensures that the firm will produce at minimum average cost in the long run. C. indicates collusion among the members of the product group. D. becomes horizontal in the long run.
According to the textbook, the owners of restaurants encourage tipping in order to:
A. sustain cooperation in a repeated prisoner's dilemma. B. insure that their waiters earn enough money. C. avoid playing a dominated strategy. D. solve a commitment problem with their wait staff.