All of the following schools of economics advocate small government in all circumstances as the best policy, except
A. Keynesian.
B. Classical.
C. Monetarists.
D. Supply Side economics.
A. Keynesian.
You might also like to view...
Refer to Table 7-2. Select the statement that accurately interprets the data in the table
A) Madison has an absolute advantage in making empanadas and tacos. B) Austin has an absolute advantage in making empanadas and tacos. C) Madison has an absolute advantage in making empanadas and Austin has an absolute advantage in making tacos. D) Madison has an absolute advantage in making tacos and Austin has an absolute advantage in making empanadas.
In a command economy, _____
a. buyers and sellers get together to make economic decisions about the four fundamental economic questions b. an exchange is made without any agreement on immediate or future rewards c. the government makes economic decisions about the four fundamental economic questions d. goods and services are directly exchanged for other goods or services
The quantity of aggregate goods and services demanded rises when the
a. price level rises, because the interest rate rises. b. price level rises, because the interest rate falls. c. price level falls, because the interest rate rises. d. price level falls, because the interest rate falls.
The table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15.Number ofCar WashesPer MonthTotal MonthlyBenefit fromCar Washes0$01$202$363$484$565$60What's the average benefit of 4 car washes per month?
A. $12 B. $4 C. $14 D. $8