Incrementalism makes sense from a politician's perspective, because _____
a. it keeps all government employees happy
b. it eliminates the cost of preparing a budget
c. it maximizes political support by giving all special interests something
d. they want to be seen in favor of bigger government
Incrementalism and Efficiency
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In 2014, the price of peanuts increased. In the market for peanut butter, this change lead to ________ and which therefore ________ the price of peanut butter and ________ the quantity of peanut butter
A) a decrease in the supply; increased; decreased B) an increase in supply; decreased; increased C) a decrease in demand; decreased; decreased D) an increase in demand; increased; increased
In the long run, increases in output per person arise primarily from:
A. increases in female labor force participation. B. increases in average labor productivity. C. an increasing proportion of the population retiring D. increases in male labor force participation.
According to the textbook, Manning and his colleagues found that people with $1,000-deductible policies spent ______ on health care relative to people with first-dollar coverage.
A. 50 percent more B. the same amount C. 40 percent more D. less
The rise in average living standards experienced by most industrialized countries:
A. was more rapid before 1870 than after 1870. B. has been continuous over the course of human history. C. has resulted primarily from an increase in population worldwide. D. has been more rapid since 1950 than before 1950.