Supply-side economists advocate
A. A reduction in the incentives to save so that more income will be spent.
B. An increase in transfer payments.
C. The use of minimum wage laws to guarantee fair wages for workers.
D. A reduction in structural unemployment through worker training.
Answer: D
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When there is a sudden decrease in the real interest rate in Canada, the Canadian dollar will depreciate
a. True b. False Indicate whether the statement is true or false
Even where imitation is possible, a firm may gain advantage from being the first to introduce an innovative product because of:
A. long-lasting brand-name recognition. B. a time lag between innovation and imitation by rivals. C. trade secrets that limit the ability of rivals to exactly imitate the product. D. all of these.
Lisa consumes only pizzas and burritos. In equilibrium, her marginal utility of pizza is 20 and her marginal utility of a burrito is 10. The price of a pizza is $4. What is the price of a burrito?
What will be an ideal response?
Ralph Nader has long argued that large corporations in oligopolistic markets should use their vast productive powers to redress social ills. Implementing this policy may put companies:
A. in conflict with its trade unions. B. in conflict with their international policies. C. in conflict with the government. D. in conflict with the process of wealth maximization.