Refer to Figure 12-16. Which panel best represents the perfectly competitive organic produce market in which some firms are experiencing short-run losses, and consumers are displaying an increased preference for organic produce?
A) Panel A B) Panel B C) Panel C D) Panel D
D
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John Maynard Keynes argued that the creation of wealth is properly the concern of government , not the concern of individuals .
A True B False
The new tools of monetary policy that the Fed employed included
A. nondiscretionary fiscal policy. B. discretionary fiscal policy. C. the sustained purchase of mortgage-backed securities. D. focusing exclusively on the traditional tools of monetary policy.
Which of the following factors may lead to an underestimation of the significance of unemployment when evaluating the overall unemployment rate?
a. Involuntary full-time employment b. An increase in the number of military personnel c. Discouraged workers d. An increase in the number of people under the age of 16 e. A decrease in the number of institutionalized people
Economists speaking like scientists make
a. positive statements. b. prescriptive statements. c. claims about how the world should be. d. More than one of the above is correct.