A recommended policy for developing countries to stimulate economic growth would be:
A. Abolishing central banks
B. More central planning by government
C. Encouraging more direct foreign investment
D. Expansion of employment in state industries
C. Encouraging more direct foreign investment
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Compared to a valued added tax, a sales tax is _____
a. easier to monitor b. easier to apply to investment goods c. harder to collect d. all of the above e. a and b
Two random variables X and Y are independently distributed if all of the following conditions hold, with the exception of
A) Pr(Y = y = x) = Pr(Y = y). B) knowing the value of one of the variables provides no information about the other. C) if the conditional distribution of Y given X equals the marginal distribution of Y. D) E(Y) = E[E(Y )].
A commitment strategy can:
A. be used to change people's payoffs to gain cooperation. B. allow players to reach a mutually beneficial equilibrium that would otherwise be difficult to maintain. C. result in a positive-positive outcome. D. All of these statements are true.
A pollution tax penalizes inefficient firms.
Answer the following statement true (T) or false (F)