The worst hyperinflation ever recorded happened in:
A. Hungary.
B. Zimbabwe.
C. Brazil.
D. Germany.
Answer: A
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The prices of several essential goods in Agraria almost doubled over the last decade. In order to satisfy the voters, the government of Agraria introduced price controls. What is likely to happen after the introduction of these price controls?
What will be an ideal response?
Which of the following concepts should be LEAST associated with behavior economics?
A. Choices that are hard to reconcile with standard economic theory B. Rejection of highly-mathematical economic models C. The use of laboratory experiments D. Neuroeconomics
Which of the following is a positive incentive?
A. deciding not to play golf due to rain B. making a donation to the Red Cross C. hiring 10 new workers as you decide to expand your operations D. offering a reward to anyone who finds your missing pet
Which of the following is a public good?
a. Pencil. b. Apple. c. Light house. d. Gun.