With capitalism, which action might reduce unemployment?
a. increase hiring at private firms
b. adjust central planning
c. increase government-owned resources
d. increase government-controlled investments
Ans: a. increase hiring at private firms
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Where Y is GDP, C is consumption, I is investment, G is government purchases, T is net taxes, and there is no international trade, the government budget deficit equals:
A. Y + T - G. B. T - G. C. Y - G. D. G - T.
Historical demand curves are always suspect because their demand curves are likely to have shifted over time.
Answer the following statement true (T) or false (F)
Which of the following is an example of a network externality?
a. Amy sitting in her front yard enjoying the Fourth of July fireworks b. People parked on Amy's street, making it difficult to walk on the street c. Mary using LinkedIn to search for jobs, encouraging her friends to use it too d. Allowing Delta Chemicals to use a natural lake to discharge waste
Cost curves shift if i. technology changes. ii. the prices of factors of production change. iii. productivity changes
A) only i B) i and iii C) only ii D) i and ii E) i, ii, and iii