Higher prices can discourage use/consumption, which in turn may better allocate scarce resources.
Answer the following statement true (T) or false (F)
True
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The mutual relationship between two events is known as ________, and when one event is responsible for the other even happening, this is known as ________
A) causation; correlation B) correlation; causation C) symbiosis; correlation D) causation; symbiosis
What is an accurate implication resulting from an increase in income?
A) an increase in exchange rate B) a decrease in exchange rate C) a decrease in consumption D) a decrease in output E) an increase in consumption
Direct investment in the stock market by the Social Security trust fund
A) does not require that new money be brought into the system. B) would be more cost-effective than creating private accounts for each person in the Social Security system. C) would cause the government indirectly to own substantial parts of American companies. D) All of the above.
In the 1982 AT&T antitrust case, the resolution was an out-of-court settlement involving a:
A. Change in the business practices of AT&T B. Cease-and-desist order C. Breakup of AT&T into several smaller firms D. Takeover of AT&T by another company