What advice did many analysts give to postcommunist states, particularly Russia, to boost their stagnating economies?
a. to strengthen a centralized state authority
b. to ignore the invisible hand of the market
c. to privatize state-owned businesses
c. to privatize state-owned businesses
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If the price of a good increased,
a. It would also increase the quantity exchanged if it was caused by an increase in demand. b. It would also decrease the quantity exchanged if it was caused by an increase in supply. c. We would not know how quantity would change if we didn't know whether it was due a change in demand or a change in supply. d. All of the above would be true.
Positive economics concerns
a. reflections of a country's values b. judgments on the merit of an economic outcome c. statements of fact concerning the economy d. analysis of what ought to be e. analysis of all good or positive market outcomes
Among all countries in the world, the United States has the most income inequality
a. True b. False Indicate whether the statement is true or false
Middleman
What will be an ideal response?