Education vouchers have the advantage that they retain ______ but still allow _____
a. government financing; parents to choose
b. government production; considerable government control
c. government production; parents to choose
d. government financing; considerable government control
a
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A yard sale is an example of a market
a. True b. False Indicate whether the statement is true or false
Despite its status as one of the richest countries in the world, Japan
a. has a very low level of productivity. b. has few natural resources. c. has very little human capital. d. engages in a relatively small amount of international trade.
The OPEC oil shocks in 1973-1974 are an example of:
A) favorable supply shock, shifting the short-run aggregate supply curve rightward.
B) favorable supply shock, shifting the short-run aggregate supply curve leftward.
C) adverse supply shock, shifting the short-run aggregate supply curve rightward.
D) adverse supply shock, shifting the short-run aggregate supply curve leftward.
Because the behavioral economics approach suggests many alternative behaviors that people might exhibit if they fail to behave as if they are rational, this approach
A) often fails to provide clearly testable behavioral predictions. B) reproduces the same predictions as utility analysis. C) has an over reliance on the rationality assumption. D) ignores the possibility of bounded rationality.