In economics, a difference in access to relevant knowledge is called a behavioral asymmetry
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Should the government run the health care system?
What will be an ideal response?
In the short run, which of the following would indicate that a perfectly competitive firm is producing an output for which it is receiving a normal profit?
A) P > AC B) AVC < P < AC C) P = AC D) P = AVC
In order to change the money supply, the Fed might use which of the following tools?
A. Dual mandate B. Reserve requirement C. Fiscal policy D. Deficit spending
Economic models are used primarily to
a. predict behavior under specific circumstances b. make an exact reproduction of one facet of the economy c. increase the mathematical complexity and rigor of economics d. provide simple answers to simple questions e. give accurate forecasts of the future