On balance, markets do some things very well, and some things poorly.
Answer the following statement true (T) or false (F)
True
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According to your text, disagreements about the relative efficiency of particular projects are usually disagreements about
A) the best way to conserve energy. B) the best way to conserve non-renewable resources of all kinds. C) scientific facts or technical processes. D) the relative value of particular goods to different people. E) who is entitled to make money from one project or another.
In the long run, large and continuing budget surpluses
a. mean higher taxes and a lower standard of living b. mean a larger money supply and higher interest rates c. are a problem because they crowd out private spending d. permit the government to lower taxes, thereby encouraging work, investment, and saving e. mean a larger money supply and lower interest rates
Low voter turnouts that appear to be a result of voter apathy may instead be a result of
A) government intervention. B) special interest group activity. C) cost-benefit calculations. D) a and b E) a, b, and c
The purpose of the IMF is to:
A. provide developing countries with short-term loans and technical assistance. B. determine monetary and fiscal policy in developing countries. C. determine exchange rates for developing countries. D. buy and sell the currencies of developing countries in order to stabilize their value.