The combination of pork barrel spending and logrolling leads to:
A. the quick termination of projects that are wasteful.
B. the largest net benefit for society.
C. inefficiently large government spending.
D. under provision of public goods.
Answer: C
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The typical relationship between a worker's productivity and the worker's wage rate is
A) high productivity workers receive low wage rates. B) low productivity workers receive low wage rates. C) no link between productivity and wages earned. D) high productivity workers find that their jobs are often outsourced. E) that workers with high productivity need to have their high wages protected by tariffs.
Economists agree that if a monetary policy rule is to be used, the best one makes the growth rate of the money supply constant
a. True b. False Indicate whether the statement is true or false
Is this an inflationary gap or a recessionary?
All of the following are surplus items on the balance of payments accounts EXCEPT
A) U.S. residents purchases of gold from foreign residents. B) foreign tourists spending funds in the United States. C) exports of merchandise. D) sales of U.S. dollars to foreign residents.