State and local governments' fiscal policies typically reinforce the fiscal policy of the federal government to counter recession and inflation.
Answer the following statement true (T) or false (F)
False
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How does the selling of pollution rights lead to a more efficient outcome?
What will be an ideal response?
Like other major government programs, an individual knows his contributions to Social Security from the information on his W-2 form
a. True b. False
Which of the following situations can lead to a winner's curse?
a. A bid which is won by multiple bidders but fails to cover the expectations of the seller. b. A win which makes a player over-enthusiastic about further gambles. c. An overoptimistic bid which helps the bidder to win but fails to cover his costs. d. A win which makes the player risk-averse toward future gambles.
Using the supply and demand model, what is the best way to show the effects on the plywood market of households preparing for a hurricane? (Note: people use plywood to board up their homes to protect them from damage from a hurricane.)
A. Supply curve moved right and demand curve shifted to the left. B. Both supply and demand curves shifted to the right. C. Supply curve shifted to the right, demand curve did not shift. D. Demand curve shifted to the right, supply curve did not shift.