Which of the following is not a characteristic of the Earned Income Tax Credit (EITC)?
a. It does not discourage recipients from working.
b. It is less distortionary than other anti-poverty programs.
c. It helps the disabled who cannot work.
d. It applies only to the working poor.
c
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In 2010, of the following ________ had the highest real GDP per person
A) Japan B) Canada C) the Europe Big 4 countries D) the United States
Appendix: Common value auctions with open bidding necessarily entail
a. asymmetric information b. ascending prices c. more than two bidders d. amendment of bids e. sealed final offers.
Why do polluting firms overproduce? Use a completely and correctly labeled graph to illustrate your answer
Herbert Simon, one of the first social scientists to combine the study of economics and psychology, suggested that humans should be viewed as
a. rational maximizers. b. satisficers. c. independent thinkers. d. signalers.