Advocates of government intervention appreciate the self-correcting nature of the economy
Indicate whether the statement is true or false
F
You might also like to view...
Efficiency wages are
A) the result of demographic change. B) set below the equilibrium level of the real wage. C) offered by firms who want to reduce turnover in the labor force. D) special wages offered to teenagers. E) mandated by law.
According to the text, over 40 percent of member nations of the International Monetary Fund have
A) a fixed exchange rate. B) no separate legal currency. C) an independently floating exchange rate. D) a managed floating exchange rate.
A decrease in demand could be caused by a. an increase in price
b. a decrease in the price of a complement. c. a technological advance. d. a decrease in the price of a substitute.
If the prices of productive substitute goods decreased and productive technology improved at the same time, as a result: a. prices would rise and there would be and an indeterminate effect on quantities exchanged. b. prices would fall and there would be and an indeterminate effect on quantities exchanged. c. prices would rise and larger quantities would be exchanged
d. prices would fall and larger quantities would be exchanged.