In the event of a recession, the fiscal policy measures favored by most liberals would involve ________.
Fill in the blank(s) with the appropriate word(s).
more government spending
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Your teacher decides to play a game where every student must contribute a dollar. All money collected is distributed at the end of the game among the students. This is an example of a
A) positive-sum game. B) zero-sum game. C) strategy. D) negative-sum game.
Information asymmetry is not a problem when:
A. both parties lack the same information. B. the wants of both parties are opposed to one another. C. the wants of both parties are aligned with one another. D. the constraints of both parties are identical.
A firm's demand schedule for capital is
A. the marginal revenue product and marginal physical product schedule for capital. B. neither the marginal revenue product schedule nor the marginal physical product schedule for capital. C. the marginal revenue product schedule for capital. D. the marginal physical product schedule for capital.
A firm in a perfectly competitive industry is a
A) price taker. B) quantity taker. C) profit maker. D) price maker.