Government spending programs that create jobs are often popular because
A) when spending programs are funded by the government there are no secondary effects.
B) if a spending program is approved by Congress, it means that the value of what is produced is greater than the value of the resources used to produce it.
C) the benefits of job creation are always greater than the costs. Jobs are the key to economic progress.
D) the created jobs are highly visible, while the secondary effects of lost jobs in other areas, higher interest rates, and higher future taxes are less visible.
D) the created jobs are highly visible, while the secondary effects of lost jobs in other areas, higher interest rates, and higher future taxes are less visible.
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Market equilibrium occurs when
A. the quantity demanded equals the quantity supplied. B. the market is changing rapidly. C. other things remain the same. D. buyers get the lowest possible price. E. everyone who wants the good gets the quantity he or she wants.
Firms in an oligopolistic market ________ because they are ________
A) attempt to predict the behavior of other firms; strategically interdependent B) form cartels; unable to predict the behavior of other firms C) ignore other firms' actions; strategically independent D) advertise; unable to differentiate their products.
Protection from foreign competition benefits domestic producers in the protected industry at the expense of domestic consumers
a. True b. False Indicate whether the statement is true or false
When a country starts exporting a good, there is no change in the surplus enjoyed by the domestic consumers of the good
a. True b. False Indicate whether the statement is true or false