A political function of government is to
A) encourage the consumption of government-sponsored goods.
B) provide public goods.
C) correct for externalities.
D) encourage the workings of the price system.
A
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In the circular flow model, the value of total income for an economy ________ the value of total production
A) equals B) is greater than C) may be greater than or less than D) is less than
Which of the following lies primarily within the realm of macroeconomics?
A. a study of the demand for gasoline B. a study of how tax cuts stimulate aggregate production C. an analysis of supply and demand conditions in the electricity market D. a study of the impact of "mad cow" disease on the price of beef worldwide
Products such as office supplies are examples of
A. simple goods. B. search goods. C. experience goods. D. selective goods.
What are the similarities between utility and temperature?
What will be an ideal response?