The end of the Cold War is generally marked by the fall of the Berlin Wall in
A) 1961.
B) 1969.
C) 1979.
D) 1989.
E) 1994.
D
You might also like to view...
The inefficiency of a sales tax on a good is ultimately the result of the
A) low tax revenue earned by the government relative to the cost of collection. B) wedge between what buyers pay for the good and what sellers receive for the good. C) buyers being unable to avoid paying the tax. D) sellers being unable to avoid paying the tax. E) increase in the consumer surplus that is more than offset by the decrease in the producer surplus.
In the AD/AS diagram, _____________ unemployment is shown by how close the economy is to the potential or full employment level of GDP.
a. frictional b. structural c. cyclical d. natural
an announcement that the "beginning stocks" of corn were higher than expected is an indication that:
a) prices would be expected to decrease more than previously expected b) prices would be expected to increase more than previously expected c) there is no effect on prices: stocks are unrelated to the level of future prices
If a doctor knows that an insurance company will pay for most of a patient's bill, the doctor has more of an incentive to require additional medical procedures and tests, even if the patient may not require them. This is an example of
A) moral hazard. B) the principal-agent problem. C) asymmetric information. D) adverse selection.