National saving is defined as the amount of
A) business saving.
B) household saving.
C) business saving and household saving.
D) private saving and government saving.
D
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In order to increase society's well-being, measles vaccinations might be
a. taxed to discourage production b. subsidized to encourage production c. taxed to encourage production d. subsidized to discourage production e. provided without government intervention
A possible problem of democracy
A) is moral hazard. B) is protected property rights. C) is mob rule. D) none of these choices is a problem.
On a line graph depicting marginal revenue and marginal cost for a monopoly, the marginal revenue line will ___________ while the marginal cost line will ___________.
a. slope downward/slope upward b. remain flat/slope downward c. slope upward/remain flat d. slope upward/slope downward
One of the strongest arguments against active stabilization policy is
a. that recognition lags make timely intervention very difficult. b. the economy corrects itself very slowly. c. the inability of economic theory to suggest appropriate policy. d. the difficulty of obtaining agreement on monetary policy.