Which of the following is true?
A) If a majority of voters favor a proposal, it will achieve positive results.
B) If there is an economic problem, the government will be able to solve it.
C) A good outcome is guaranteed when a government program is created with good intentions.
D) Even if government programs are implemented with good intentions, they may lead to undesirable outcomes.
D) Even if government programs are implemented with good intentions, they may lead to undesirable outcomes.
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Those who believe that overall economic growth is more important than the distribution of income would say that:
A. if everyone is getting richer, the relative speed of these gains isn't as important. B. it is fundamentally unjust for some people to have so much when others have so little. C. if the society is not getting richer, then things can never become more equal. D. All of these are true.
In the above figure, what would result if the price was $40?
A) a surplus B) a shortage C) equilibrium D) excess demand
A barrier to entry is
A) a term used to explain why monopolies always make economic profits. B) a restriction on the profits that a monopoly can make. C) the situation when the government produces a good instead of relying on private firms to produce the good. D) a restriction on starting a business.
If a bank has $25 million in deposits and the required reserve ratio is 12 percent, the bank's required reserves equal $3 million.
Answer the following statement true (T) or false (F)