The authors feel subsidies destroy wealth because
a. subsidies move assets from lower- to higher- valued uses
b. subsidies move assets from higher- to lower- valued uses
c. subsidies help producers only
d. subsidies help consumers only
b
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An increase in regulation will shift the aggregate:
a. demand curve leftward. b. supply curve rightward. c. supply curve leftward. d. demand curve rightward.
If the MPC = 1, the spending multiplier is:
a. infinite. b. zero. c. 10. d. 100. e. 1.
In the former Soviet Union most of the farmland was in the form of _____________________.
Fill in the blank(s) with the appropriate word(s).
What would NOT be one of the reasons for a much lower real GDP in 1905, compared with 2007?
A. Productive capability in 1905 was lower than in 2007. B. Fewer goods and services were available in 1905 than in 2007. C. Automobiles were rare in 1905, but common in 2007. D. On average, there were fewer poor people in 1905 than in 2007.