The peak in U.S. government spending as a percent of GDP occurred during
A) World War II.
B) the 1960s war on poverty.
C) the Great Depression.
D) the war against Iraq in the 2000s.
A
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If the Fed increases the money supply in response to positive demand shocks, it
a. lowers the interest rate b. reduces each type of unemployment c. adds its own positive demand shock d. creates financial stability e. crowds out private investment
A resource-extracting firm will tend to operate where
a. Marginal revenue equals marginal cost b. Average revenue equals average cost c. Marginal revenue exceeds marginal cost d. Total revenue equals total cost e. Marginal cost exceeds marginal revenue
Which does an intention-to-treat parameter measure in a program evaluation study?
A. The effect of participation in the program. B. The effect of the program on those who were eligible but did not participate. C. The effect of being eligible to participate in the program. D. The effect on the probability of participation due to being eligible to participate.
Jose decides to join the Middle State University's football team when he learns that his health insurance will pay for any subsequent injury. This illustrates
A. a symmetric information problem. B. monopolistic behavior. C. oligopolistic behavior. D. a moral hazard problem.