Instead of studying for his calculus exam, Dicky Cribsheets decides to cheat. In the economic way of thinking, Dicky's decision is
A) inefficient and wrong.
B) inefficient and desirable.
C) efficient and desirable
D) not necessarily any of the above.
D
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During the recession phase of the business cycle, business firms become pessimistic about their future earning capacity as do banks. Nominal interest rates fall during recessions. Investment lending could be expected to
A) rise if the change in future earnings is thought to be greater than the change in interest payments. B) stay the same. C) fall. D) fall if the change in future earnings is thought to be greater than the change in interest payments.
Other things the same, another unit of capital will increase output by more in a poor country than in a rich country
a. True b. False Indicate whether the statement is true or false
Why do many economists advocate a consumption tax rather than an income tax?
When economists say goods are scarce, they mean...
What will be an ideal response?