Which statement is true?
A. The Keynesians and the monetarists are proponents of the crowding-out effect.
B. The Keynesians and the monetarists are proponents of the crowding-in effect.
C. The Keynesians are proponents of the crowding-out effect and the monetarists are proponents of the crowding-in effect.
D. The Keynesians are proponents of the crowding-in effect and the monetarists are proponents of the crowding-out effect.
D. The Keynesians are proponents of the crowding-in effect and the monetarists are proponents of the crowding-out effect.
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If the demand for baseballs increases, then as a result, it is highly likely that the demand for:
A. leather will increase. B. bats will decrease. C. soccer balls will rise. D. tennis balls will increase.
If the quantity demanded exceeds the quantity supplied in a market, then the result is which of the following?
a. Deadweight loss b. Inefficiency c. Underproduction d. Each of these are true.
Societies in which _____ produce more entrepreneurs
a. the ratio of immigrants to the local population is high b. culture supports individual achievements c. individuals are self-interested d. immigrants are allowed to hold government positions e. immigrants are more intelligent than the local population
Limited liability exists when
A. the liability of owners is limited to the share of the debt they personally took on. B. partners specialize and each partner is responsible for the debts of his or her specialized area. C. the liability of owners is limited to the value of the shares in the firm they own. D. bondholders must receive their payments before stockholders can earn any money.