In a planned socialist economy, the dictator should dislike:
a. Horizontal transactions
b. Monetary policy
c. Ruble control
d. Fiscal policy
e. All of the above
A
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The figure above shows supply curves for soft drinks. Suppose the economy is at point a. A movement to point d would be the result of
A) an increase in technology. B) a decrease in the relative price of a soft drink. C) an increase in the relative price of a soft drink. D) an increase in the number of soft drink suppliers.
In an ultimatum game where the payoff totals $100 and is split in $1 increments, the rational amount for the proposer to offer and the responder to take is
A) $0. B) $1. C) $50. D) $100.
A term that means "all other things unchanged" is:
A) dependent variable. B) independent variable. C) quid pro quo. D) ceteris paribus.
The Dutch Disease refers to a situation in which new production of a natural resource results in deindustrialization.
Answer the following statement true (T) or false (F)