The question of whether the government should intervene at all in economic matters is entirely political
a. True
b. False
Indicate whether the statement is true or false
False
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If an environmental group wanted to prevent the habitat destruction of the Wyoming pocket gopher, the Coase theorem would direct the group to
A) try to get laws enacted to protect the species. B) bargain in order to obtain the property rights of the gopher habitat. C) physically block any efforts to destroy the habitat. D) protest the destruction while gaining media attention for their cause.
The introduction of seat belts increased the number of accidents, even though the number of fatalities decreased. This is most likely a result of
a. Moral hazard b. Adverse selection c. seat belts distracting drivers d. None of the above
Americans will benefit if China has enough purchasing power to enable its people to buy American products
a. True b. False Indicate whether the statement is true or false
What is the difference between the Consumer Price Index and the Producer Price Index?