Public choice economists believe that if governments support special interest groups, they ______.
a. create chances for people to benefit through economic cooperation
b. provide more opportunities for everyone
c. make it look like people benefit most at the expense of everyone else
d. create a false image that sharing resources can be beneficial to the economy
c. make it look like people benefit most at the expense of everyone else
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By international standards, the household saving rate of the United States:
A. has always been very high. B. was extremely high until the 1980s. C. has not ever really been high. D. was low through the 1970s and 1980s, but increased throughout the 1990s to become one of the highest.
Which of the following are examples of a firm experiencing a positive technological change?
a. A firm is able to reduce its inputs by 15 percent and still produce the same level of output. b. A seminar attended by the firm's workers makes them more productive. c. A firm adds 5 percent to its workforce and is able to maintain its initial level of output. d. A firm restructures its distribution system and is able to save on its shipping times. e. A firm rearranges its warehouse and finds that it can use fewer workers to maintain its productivity level.
Which of the following is a leading indicator for economic? growth?
A) Duration of unemployment claims. B) Industrial production. C) S&P 500 index. D) Gross domestic product.
Nudges can be used by:
A. firms only. B. government only. C. firms and government. D. firms, but only as a last resort.