People who are risk neutral are more likely to engage in tax evasion than people who are risk loving.
A. True
B. False
C. Uncertain
C. Uncertain
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The U.S. federal government spent more than $4 trillion in 2018, which implies that there were no opportunity costs faced by the United States.
Answer the following statement true (T) or false (F)
Which of the following would cause both the equilibrium price and equilibrium quantity of cotton (assume that cotton is a normal good) to increase?
A) a drought that sharply reduces cotton output B) an increase in consumer income C) a decrease in consumer income D) unusually good weather that results in a bumper crop of cotton
The monopolist faces the market demand curve
a. True b. False Indicate whether the statement is true or false
A zero inflation rate is not the Fed's objective because
a. that would cause prices to rise b. that would cause price to fall c. it knows that it cannot attain a zero rate d. it believes that the true rate of inflation is lower than what is measured by the Consumer Price Index (CPI) e. high rates of inflation may help labor markets adjust more easily