Social Security and Medicare have been hugely successful in reducing poverty among the elderly
Indicate whether the statement is true or false
true
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The government expenditure multiplier and the tax multiplier are
A) different in size and the tax multiplier is larger. B) not comparable because the government expenditure multiplier applies to aggregate supply and the tax multiplier applies to aggregate demand. C) different in size and the government expenditure multiplier is larger. D) identical in size. E) not comparable because the government expenditure multiplier applies to aggregate demand and the tax multiplier applies to aggregate supply.
The "lemons problem" exists in the market for goods because
A) sellers tend to try to take advantage of buyers. B) buyers tend to try to take advantage of sellers. C) differences in the quality of the goods being exchanged. D) of moral hazard.
When a Pigouvian subsidy is imposed on a market with a positive externality efficiency:
A. is not affected. B. decreases. C. increases. D. drops to zero.
In Europe, birth rates have fallen as the stork population decreased. This is likely a. a normative statement
b. confusing correlation and causation. c. the fallacy of composition. d. all of the above