If a graph has a line that shows the amount of outsourcing in the last ten years, it is known as
A) a pie chart.
B) a time-series graph.
C) a demand curve for outsourcing.
D) a supply curve of outsourcing.
Answer: B
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Critics of the Keynesian view of closing a recessionary gap argue that
a. Keynesians fail to appreciate the self-correcting nature of the economy b. government spending is virtually cost-free because resources are unemployed c. deficit financing places no burden on the economy d. public works programs never continue beyond their usefulness e. deficits are always needed to stimulate the economy
Which of the following causes a surplus of a good?
a. a binding price floor b. a binding price ceiling c. a tax on the good d. More than one of the above is correct.
Written and recorded works, ideas, formulas, and other creative intangible property that are owned by an individual or a group of individuals are examples of the economic concept of
A. intellectual property. B. personal effects. C. physical capital. D. public property.
A modern example of privatizing a common resource is:
A. patents. B. quotas. C. subsidies. D. taxes.