How many of the 95 deterrence studies reviewed by economics professor Bijou Yang and psychology professor David Lester found a deterrent effect of capital punishment?
Answer: 60
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On the island country of Sunshine where the unit of currency is fish, net exports are 50 fish, saving is 250 fish, net taxes are 100 fish, and the government budget deficit is 175 fish. The private sector has a ________
A) deficit of 125 fish B) surplus of 125 fish C) deficit of 225 fish D) surplus of 225 fish
The Clean Air Act of 1970
a. set up a depletion tax system b. reduced air pollution standards c. recognized air as a resource d. established a system of transferable pollution rights e. forbade producers to emit any pollutants into the air
Ceteris paribus, if the average price level falls, then the _____ effect will result in _____ in the purchases of goods and services.
A. Real balances; an increase B. Foreign trade; a decrease C. Interest rate; a decrease D. Cost; an increase
Answer the following statement true (T) or false (F)
1) The government's ability to force people to do things can increase economic efficiency. 2) Government's ability to enforce laws and contracts increases private-sector economic risks. 3) The invisible hand guides government's economic activity just as it does with private economic activity. 4) Because of the force of law and bureaucratic structure, government accountability is less of a problem than in the private sector.