Since the legal age to vote in the United States is 18, the legal drinking age in the United States should be lowered to 18. This statement is best described as
A. a marginal statement.
B. a positive statement.
C. a normative statement.
D. an implication of an efficient market.
Answer: C
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Which of the following can solve the problem of moral hazard that arises due to the provision of unemployment benefits?
A) Increase in the cover period B) Restrictions on the claim amount C) Increase in the amount provided as benefit D) High premium
Refer to the above table. The table gives the various combinations of Good A and Good B along Jane's indifference curve. The marginal rate of substitution when Jane goes from combination A to combination B is
A. 4:1. B. 3:1. C. 2:1. D. 0.
A relationship between two events where one event occurring brings about the other is described best as:
A. a trend. B. a pattern. C. correlation. D. causation.
Other than following a rule, a country could do each of the following things to help its central bank achieve credibility except
A. increase central bank independence. B. put the central bank under the government's control. C. appoint a tough central banker. D. change the incentives of the central bankers.