The tastes for foreign goods and services generally has a ______ relationship with aggregate expenditure.
A. negative
B. positive
C. skewed
D. constant
A. negative
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The Coase theorem proves that externalities will be neutralized by bargaining
Indicate whether the statement is true or false
If a regulatory commission sets the regulated price equal to marginal cost for a natural monopoly:
a. losses will result. b. government subsidies will be unnecessary. c. the firm will earn economic profits. d. new firms will want to enter. e. resource use will not be optimal.
A compensation program that includes all performance indicators that influence an employee's effort is called the:
A. risk-sharing premium. B. informativeness principle. C. efficient bargaining solution. D. incentive coefficient.
When the federal government is running a budget deficit:
A. government tax revenues exceed government expenditures. B. government expenditures exceed government tax revenues. C. the economy must be in an economic recession. D. the size of the national debt will decline.