All group decisions are Pareto superior moves
a. True b. False
b
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When the economy enters a recession, your employer is unlikely to reduce your wages because ________ during a recession
A) output and input prices generally fall B) output prices always fall C) output prices generally fall and input prices generally rise D) lower wages increase your incentive to find employment elsewhere.
A spike in "All Other Outlays" of the federal government in 2009 was due to: a. an increase in the financial aid given to Greece earlier that year
b. an increase in the expenditures on Social Security and Medicare. c. the fiscal stimulus package passed earlier that year. d. a sudden increase in military expenditure as a result of the war in Iraq. e. an increase in the national debt earlier that year.
The goals of equity and ________________ are sometimes in conflict.
A. fairness B. efficiency C. capital
A country has net capital outflow of -10 billion euros and domestic investment of 20 billion euros. What is its national saving?
a. 30 billion euros b. 10 billion euros c. -10 billion euros d. -30 billion euros