If a conscientious manufacturer underestimates the probability of his product killing someone, the manufacturer will likely take precautions that are not cost justified
Indicate whether the statement is true or false
FALSE
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According to Romer and other new growth theorists, what could poor countries do to stimulate greater economic growth?
What will be an ideal response?
Explain how does a rise in real income affect aggregate demand?
What will be an ideal response?
When fiscal policy is used, time lags are variable and last anywhere from
A) one to three weeks. B) one to three months. C) one to three years. D) one to three decades.
One way to allocate 1,000 (stadium capacity) football tickets priced at $20 to 2,000 would-be buyers is to
a. put the tickets on sale for half price b. increase market efficiency c. make the tickets available to more people at the low price d. use a price ceiling to ensure that the market will remain in equilibrium e. implement a ration coupon system