Countercyclical fiscal policy is designed to moderate the severity of the business cycle
Indicate whether the statement is true or false
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Panel data
A) is also called longitudinal data. B) is the same as time series data. C) studies a group of people at a point in time. D) typically uses control and treatment groups.
When a country continually adds more capital to its existing stock productivity will:
A. increase at a decreasing rate. B. increase at an increasing rate. C. decrease at a decreasing rate. D. decrease at an increasing rate.
A nation has a comparative advantage in producing a good, if
A. more people in the country are employed in the production of the good than in other countries. B. it has either a greater productivity advantage or a smaller productivity disadvantage. C. it has a higher standard of living than its trading partners. D. it also has an absolute advantage in producing the good.
Suppose the market for potatoes can be expressed as follows: Supply: QS = -20 + 10p Demand: QD = 400 - 20p If the government sets a maximum price of $10 per unit, what will be the quantity demanded and quantity supplied?
What will be an ideal response?