In a measure of aggregate expenditures for the national economy, net exports
a. are always positive.
b. are always negative.
c. may be either positive or negative.
d. are not counted.
c. may be either positive or negative.
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Which of the following is a consequence of the voting paradox?
A) The collective preferences of voters are not transitive and voting outcomes are inconsistent. B) Individuals and firms who benefit from government actions engage in rent seeking. C) A majority of voters elect a candidate that does not represent the preferences of the voter who is in the political middle. D) Politicians support small groups of individuals and firms that benefit from special interest legislation, rather than a much larger group of voters who pay the cost for this legislation.
During inflation, the optimal discretionary fiscal policy would be _____
a. to decrease taxes b. to increase government spending c. to decrease the reserve ratio d. to increase taxes e. to decrease the market interest rate
It is most likely that the federal government will never actually pay off the national debt.
Answer the following statement true (T) or false (F)
Assuming that firms do not collude, compare the market outcome under oligopoly with the outcome under perfect competition
What will be an ideal response?