None of the transition economies avoided the transition recession
a. True
b. False
A
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Refer to Figure 4-1. If the market price is $3.00, what is the consumer surplus on the first ice cream cone?
A) $0.50 B) $1.00 C) $5.50 D) $9.00
Human capital
a. can be thought of, metaphorically, as the quality of society's textbooks, whereas technological knowledge can be thought of as the time that the population has devoted to reading textbooks. b. is more tangible than physical capital. c. is an input in the production of goods and services. d. is the same as the quantity of labor.
Airport security is best provided by public entities over private.
A. True B. False C. Uncertain
If a state government reduces property taxes for residents at the same time that it increases the state income tax, what will happen to the expenditures schedule of the residents of this state?
A. It shifts upward. B. It shifts downward. C. It becomes less steep. D. It becomes steeper. E. It does not change.