Economic researchers have found:
A. no examples of countries with high rates of money growth and low inflation rates.
B. many examples of countries with high rates of money growth and low inflation rates.
C. many examples of countries with low rates of money growth and high inflation rates.
D. no relationship between rates of money growth and inflation rates.
Answer: A
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Some economists and policymakers who are in favor of government-provided health care believe that providing health care will
A) create negative externalities. B) generate more adverse selection. C) reduce asymmetric information. D) generate additional moral hazard.
The forgone income that the owner of a business could have made by spending time working in another job is called:
A. total cost. B. explicit cost. C. opportunity cost. D. marginal cost.
The retained earnings that corporations often use to finance R&D are also known as:
A. venture capital. B. undistributed profits. C. dividends. D. mutual funds.
A politician says that the government should tax behavior they want less of and subsidize behavior they want more of. This is an example of
A) cynical behavior in modern democracies. B) failing to consider the alternatives available to the government. C) a concern that people are not rational when they make decisions. D) using incentives to alter behavior.