The policy irrelevance proposition suggests that the policy effects on the economy primarily occur as a result of
A. illusion about the value of money.
B. fiscal policy measures.
C. unanticipated changes in policy.
D. nondiscretionary fiscal policy.
Answer: C
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The above figure shows the marginal social benefit and marginal social cost curves of coffee in the nation of Kaffenia. Which of the following would result in the quantity of coffee in Kaffenia differing from the efficient quantity?
A) The existence of a single producer and seller of coffee. B) The existence of many producers and sellers of coffee. C) Damage to the environment from fumes emitted by coffee beans. D) Both answers A and C are correct.
Who hires the managers of a corporation?
A) employees B) stockholders C) managers D) the board of directors
Which of the following are NOT traded in a capital market?
A) U.S. government agency securities B) state and local government bonds C) repurchase agreements D) corporate bonds
Workers in a labor union typically are paid less than workers not in a labor union
a. True b. False Indicate whether the statement is true or false