A variable that RBC theory is simply not interested in and seldom attempts to explain or predict is
A) employment.
B) the real interest rate.
C) the real wage rate.
D) the price level.
D
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The welfare effects of a quota depend, to considerable extent, upon
A) who has the quota license. B) the size of the quota. C) elasticities of domestic demand and supply. D) all of the above.
The transformation of a Lorenz curve into a numerical value is
a. the value of the diagonal minus the value of the two sides of the right angle triangle b. the sum of the percentages of income for all groups c. the Lorenz coefficient d. the Gini coefficient e. the value of the midpoint on the Lorenz curve
Dr. Goldfinger decides to invest in companies which he believes can "improve the productivity and efficiency" of health care services. How can Dr. Goldfinger strive to achieve this productive efficiency?
A) by investing in companies that produce goods and services based on consumer preferences B) by investing in companies that produce goods and services at the lowest possible cost C) by investing in companies that fairly distribute their products and services D) by investing in companies that produce up to the point where the marginal benefit of the last unit produced is equal to the marginal cost of producing it
If an economist believes that choice architecture is important, he or she is more likely to be a:
A. Keynesian economist. B. traditional economist. C. formal economist. D. behavioral economist.