In the United States, the government does NOT play much of a role in
A. encouraging technological change.
B. managing globalization.
C. shaping financial markets.
D. inspiring consumer preferences.
Answer: D
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An example of moral hazard is
a. people drive as carefully in icy conditions with antilock brakes as without b. people drive as safely with more airbags as without c. football players 'spear' with their heads when tackling more often with safer helmets d. people read the medicine warnings as carefully when self-medicating versus with a doctor's prescription
Structural unemployment is often thought to explain relatively long spells of unemployment
a. True b. False Indicate whether the statement is true or false
Spending on programs for which there is an existing legal obligation is labeled
A. entitlement spending. B. obligatory. C. discretionary. D. mandatory.
Which of the following would cause an increase in the supply of cheese?
A) a decrease in the price of wine (assuming that cheese and wine are complements) B) an increase in the price of cheese C) an increase the price of a product that producers sell instead of cheese D) an increase in the number of firms that produce cheese