The message that market economies efficiently generate information through markets is associated with:
a. Mises and Hayek
b. Samuelson
c. Kornai
d. Olson
e. Keynes
A
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In 2011, the U.S. experienced
a. both current account and financial account deficits. b. a deficit in the current account and a surplus in the financial account. c. a surplus in the current account and a deficit in the financial account. d. a surplus in both the current account and the financial account.
In the horizontal segment of the aggregate supply curve, when GDP:
A. increases, the price level rises. B. decreases, the price level falls. C. increases, the price level does not change. D. increases, the price level falls.
The demand curve faced by the monopolist
A) has a constant price elasticity. B) is the industry demand curve. C) is identical to the firm's MR curve. D) is identical to the firm's TR curve.
Under the rational criminal model, an increase in the probability of getting caught will
A. generate more income for pro bono defense attorneys. B. increase crime. C. decrease crime. D. have no effect on crime.